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Microsoft profit rises - Windows revenue high

Written By Real Kevin Jay on Friday, April 19, 2013 | 10:03 AM

NEW YORK - US technology giant Microsoft on Thursday reported a 19 percent year-on-year increase in profit to $6.06 billion for the quarter ending March 31.
Microsoft said revenues came in at $20.49 billion, up from $17.41 billion in the year-earlier period. The company's earnings per share came in at 72 cents per share -- above the 68 cents per share forecast by analysts.
The company's Windows division reported a 23 percent increase in revenues compared with last year.
Microsoft also announced that chief financial officer Peter Klein will leave the company after the current fiscal year, with a new CFO to be named from its finance leadership team in the coming weeks.
Microsoft has come under scrutiny in recent weeks after industry reports showed a steep decline in personal computer sales, on account of the rise of tablets and smartphones.
Microsoft's Windows system has been a defining element of PC systems.
"The bold bets we made on cloud services are paying off as people increasingly choose Microsoft services including Office 365, Windows Azure, Xbox LIVE, and Skype," said Steve Ballmer, Microsoft's chief executive officer.
"While there is still work to do, we are optimistic that the bets we've made on Windows devices position us well for the long-term."
© 1994-2013 Agence France-Presse


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