Dallas, Texas 07/22/2013 (Financialstrend) – Microsoft Corporation (NASDAQ:MSFT) has made declaration about the results for the quarterly period ended June 30, 2013.
The company’s quarterly income remained at $19.90 billion for the three month period ended June 30.
The software giant’s operating profit, net profit, and diluted EPS for the three month period ended June 30 stood at $6.07 billion, $4.97 billion, and $0.59 a share respectively.
These fiscal outcomes consists of a $900 million charge, or a $0.07 a share impact, associated to Surface RT stock modifications.
Besides, these fiscal outcomes replicate the recognition of $782 million of formerly delayed income linked to the Office Upgrade Offer. All development comparisons link to the corresponding phase during the last financial year.
“While our 4th quarterly outcomes got impacted by the fall in the personal computer market, we carry on seeing sturdy demand for our project and cloud offerings, leading to record unearned income balance this quarterly period. We also witnessed growing customer demand for services such as Xbox LIVE, Office 365, Skype, in addition to Outlook.com,” stated Amy Hood, CFO at Microsoft.
“We are functioning hard to roll out compelling innovative tools and high worth experiences from the company and our associates in the coming time, comprising latest Windows 8.1 tablet computers and personal computers,” stated Steve Ballmer, Company’s CEO.
Microsoft Corporation (NASDAQ:MSFT) Could Confront A Harsh Year: BGC
One forecaster feels that the remaining part of the year will be a tricky one for the company. In a research note, BGC forecaster Colin W. Gillis clarifies why he maintained his Hold mark and $31 per share value objective on the software firm.
Company affected by declining PC sales
Certainly the major concern for the company has been declining PC sale facts, and the analyst’s initial two causes for foreseeing a tricky year for the firm are connected to this worry. He stated that it’s promising that the personal computer market would not be able to win back its peak of 96 million units that it hit during September quarterly period of the year 2011.