Microsoft Posts Record Revenue in Q2
Jan 24th 2013 6:05PM
Updated Jan 24th 2013 7:30PM
With its Q2 results today, Microsoft (NASDAQ: MSFT) reported its best quarter in history in terms of revenue, bringing in nearly $21.46 billion, even though that figure was slightly under the average analyst estimate of $21.53 billion. Net income, meanwhile, was $6.4 billion ($0.76 per diluted share), a slight beat over the $0.75 the market expected.
The quarter's revenue figure represented a nearly 3% improvement over Q2 2012, while the bottom-line number dropped by almost 4% in the same time frame.
Not surprisingly, Microsoft's key Windows unit was the driver of revenue growth, increasing its take 24% on a year-over-year basis to $5.9 billion. Windows 8 went into general release during the quarter.
The results of other units were mixed. The server and tools division grew its top line 9% to $5.2 billion, and online services advanced 11% to $869 million, but the business division and the entertainment and devices unit both suffered declines. Revenues for the two were, respectively, down 10% to $5.7 billion, and 11% lower at $3.8 billion.
The article Microsoft Posts Record Revenue in Q2 originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Microsoft. The Motley Fool owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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