Microsoft Releases Earnings For FY12 Q2By: Drew Bowling - January 19, 2012
Were you anxiously waiting for Microsoft to announce their earnings for the second quarter of 2012? Today’s your day, then.
From the press release:
Microsoft Corp. today announced quarterly revenue of $20.89 billion for the quarter ended Dec. 31, 2011, a 5% increase from the prior year period. Operating income, net income, and diluted earnings per share for the quarter were $7.99 billion, $6.62 billion, and $0.78 per share, compared with $8.17 billion, $6.63 billion and $0.77 per share, respectively, in the prior year period. Prior year results include recognition of $224 million of deferred revenue related to the Office 2010 technology guarantee program.
That 5% increase is a pretty big take for Microsoft; a record-setting take, actually. This is also on the heels of a record-setting first quarter this year, as well, when Microsoft posted earnings of $17.4 billion.
“We delivered solid financial results, even as we prepare for a launch year that will accelerate many of our key products and services,” said Steve Ballmer, chief executive officer at Microsoft. “Coming out of the Consumer Electronics Show, we’re seeing very positive reviews for our new phones and PCs, and a strong response to our new Metro style design that will unify consumer experiences across our phones, PCs, tablets, and television in 2012.”
“We saw strong demand for our business products and services, despite the soft PC market and continuing economic uncertainty in key parts of the world,” said Peter Klein, chief financial officer at Microsoft. “We delivered record earnings per share by continuing to manage our costs while investing for future growth.”
Some of Microsoft’s beaucoup bucks this quarter can be attributed to their electronic devices that have remained pretty popular among people who like electronics.
“In addition to the continued strength of our commercial business, this holiday season was the strongest in Microsoft history, thanks to good sales execution and compelling products like Xbox 360 and Kinect,” said Kevin Turner, chief operating officer at Microsoft. “We are seeing a lot of excitement for new devices, from Windows 7 Ultrabooks to new Windows Phones, as well as growing anticipation for Windows 8.”
Oddly enough, Microsoft’s shares haven’t really seen any kind of bounce following this good news, but they are planning a press conference later today at 2:30PM PST, which will be broadcast as a live webcast, so maybe that will pump up the bucks for Microsoft’s stock.