Windows revenue pushes Microsoft higher

2013-04-19 09:00
The growth of mobile forced Microsoft to change. (Duncan Alfreds, News24)

The growth of mobile forced Microsoft to change. (Duncan Alfreds, News24)

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New York - US technology giant Microsoft on Thursday reported a 19% year-on-year increase in profit to $6.06bn for the quarter ending 31 March.

Microsoft said revenues came in at $20.49bn, up from $17.41bn in the year-earlier period. The company's earnings per share came in at 72 cents per share - above the 68 cents per share forecast by analysts.

The company's Windows division reported a 23% increase in revenues compared with last year.

Microsoft also announced that chief financial officer Peter Klein will leave the company after the current fiscal year, with a new CFO to be named from its finance leadership team in the coming weeks.

Microsoft has come under scrutiny in recent weeks after industry reports showed a steep decline in personal computer sales, on account of the rise of tablets and smartphones.

Microsoft's Windows system has been a defining element of PC systems.

"The bold bets we made on cloud services are paying off as people increasingly choose Microsoft services including Office 365, Windows Azure, Xbox LIVE, and Skype," said Steve Ballmer, Microsoft's chief executive officer.

"While there is still work to do, we are optimistic that the bets we've made on Windows devices position us well for the long-term."
Read more on:    microsoft  |  computing

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