Microsoft has announced that for the second quarter of 2013 (which is considered the fourth quarter of 2013 in Microsoft"s fiscal year) the company generated $19.90 billion in revenue, along with $4.97 billion in net income. Those numbers include a one time charge of $900 million which Microsoft says is due to "Surface RT inventory adjustments."
Microsoft"s press release quoted the company"s chief financial officer Amy Hood as saying that its result were impacted by declines in the PC market. However, Hood added, " ... we continue to see strong demand for our enterprise and cloud offerings, resulting in a record unearned revenue balance this quarter. We also saw increasing consumer demand for services like Office 365, Outlook.com, Skype, and Xbox LIVE."
The Windows division brought in revenues of $4.411 billion for the quarter, up six percent compared to a year ago, while the Business division generated $7.213 billion in revenues for the quarter, up 14 percent compared to the same period a year ago. The Server and Tools division brought in $5.502 billion for the quarter, up nine percent compared to a year ago.
Microsoft"s Online Services Division reported revenues of $804 million for the quarter, up nine percent from the same period a year ago. The Entertainment and Devices Division generated revenues of $1.915 billion for the quarter, up eight percent from the same period a year ago.
These results are based on Microsoft"s business division that were set up before the company"s major reorganization that was announced earlier in July. Microsoft will hold a financial conference call at 5:30 pm Eastern time later today.
Source: Microsoft | Image via Microsoft