Microsoft earned net income of $5.11 billion on record-high revenue in the recently ended quarter, a slight dip in profit from a year ago but still beating market. Microsoft’s profit for the three months ending March 31 was slightly less than the $5.23 billion seen in the same period last year.
Microsoft says:
“We’re driving toward exciting launches across the entire company, while delivering strong financial results,” said chief executive Steve Ballmer.
“With the upcoming release of new Windows 8 PCs and tablets, the next version of Office, and a wide array of products and services for the enterprise and consumers, we will be delivering exceptional value to all our customers in the year ahead.”
“Our investments and offerings in the database platform and public, private, and hybrid cloud are helping our customers transform their operations to meet today’s evolving business demands.”
Money taken in by the company’s Entertainment and Devices Division that had been ablaze due to Xbox and its Kinect gesture-and-voice control accessory dropped 16 percent to $1.6 billion.
Industry trackers are also watching to see what Microsoft does with its Windows Phone platform that has failed to carve out much territory in a booming smartphone and tablet market dominated by Apple and Google-backed Android gadgets.
