Microsoft Profits Fall in Second Quarter But Dynamics Revenue Climbs
Microsoft today announced quarterly revenue of $21.46 billion for the quarter ended December 31, 2012. Earnings dropped by two cents per share compared to the same quarter in 2011, from $0.78 per share to $0.76 while revenue climbed by $1.1 billion.
Wall Street had expected 75 cents per share, on average, according to Thomson Reuters I/B/E/S.
For the three months ended December 31, 2012, compared with the same three months in 2011, Microsoft Business Division (MBD) revenue decreased, mainly due to lower revenue in the division. But the Microsoft Dynamics product line, which is a part of MBD, saw a 12% increase in revenue, according to SEC filings. Dynamics saw an 11% revenue increase over the last six months compared to the same period in 2011.