Microsoft Corporation (NASDAQ: MSFT) has released its second quarter fiscal earnings for 2013 and shares are getting clipped for the software giant. Earnings came to $0.76 EPS but were $0.81 EPS on an adjusted basis and revenues were $21.46 billion. Thomson Reuters had estimates of $0.75 EPS and $21.53 billion in sales. Cash and cash equivalents came to $68.3 billion at the end of the quarter. This translates on a non-GAAP basis to a 5% sales gain, met by a 4% operating income gain.
Source: courtesy of Microsoft
Microsoft did not offer guidance for the year other than that its operating expenses would be $30.3 to $30.9 billion for fiscal 2013. Until guidance is offered in the call we would consider this unfinished business. Here are some of the by-unit revenue figures:
- Windows Division posted revenue of $5.88 billion, a 24% increase. The company said that non-GAAP revenue increased 11% for the second quarter and Microsoft said it has sold over 60 million Windows 8 licenses to date.
- Server & Tools business reported $5.19 billion in sales, up 9% from the prior year period and it was driven by double-digit percentage revenue growth in SQL Server and System Center.
- Microsoft Business Division posted $5.69 billion of revenue, a 10% decrease from the prior year period. Adjusting for the impact of the Office Upgrade Offer and Pre-sales, Microsoft Business Division non-GAAP revenue increased 3% for the second quarter.
- Online Services Division reported revenue of $869 million, an 11% increase from the prior year period. Online advertising revenue grew 15% driven by an increase in revenue per search.
- Entertainment and Devices Division posted revenue of $3.77 billion, a decrease of 11% from the prior year period. Adjusting for the Video Game Deferral, the division’s non-GAAP revenue decreased 2% for the second quarter.
Shares closed up two-cents at $27.63 on the day 2% and its shares traded down just over 2% at $27.09 in the after-hours reaction. Again, this should be considered unfinished business until guidance is seen.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
