Microsoft reports lower than expected earnings in fourth quarter

Microsoft reported lower than expected earnings on Thursday for the fourth quarter of its 2013 fiscal year, including a $900M charge for its unsold Surface RT tablet inventory. The company reported quarterly revenue of $19.90 billion for the quarter ended June 30, 2013. Operating income, net income, and diluted earnings per share for the quarter were $6.07 billion, $4.97 billion, and $0.59 per share.

Wall Street had estimated earnings of 75 cents per share, on average, according to Thomson Reuters I/B/E/S, and the Surface write off alone accounted for lowering diluted earnings by 7 cents a share.

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About Jason Gumpert

As the editor of MSDynamicsWorld.com, Jason oversees all editorial content on the site and at our events, as well as providing site management and strategy. He can be reached at jgumpert@msdynamicsworld.com.

Prior to co-founding MSDynamicsWorld.com, Jason was a Principal Software Consultant at Parametric Technology Corporation (PTC), where he implemented solutions, trained customers, managed software development, and spent some time in the pre-sales engineering organization. Jason has also held consulting positions at CSC Consulting and Monitor Group.

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