Microsoft's Third Quarter Earnings Beat Expectations with Continued Dynamics Revenue Growth
Microsoft Corp. today announced quarterly revenue of $17.41 billion for the quarter ended Mar. 31, 2012, a 6% increase from the prior year period. Operating income was $6.37 billion, up 12% from the prior year period. The results beat analyst expectations.
Net income and diluted earnings per share for the quarter were $5.11 billion and $0.60 per share, compared with $5.23 billion and $0.61 per share, respectively, in the prior year period.
The Microsoft Business Division reported $5.81 billion in third-quarter revenue, a 9% increase from the prior year period, reflecting the continued strength of Office 2010 with businesses and consumers. Dynamics posted an 11% revenue increase from the prior year period, with Dynamics CRM revenue growing more than 30%.
According to the earnings announcement, Dynamics CRM revenue growing more than 30%. And according to SEC filings, overall Dynamics product revenue increased 11% compared to the same quarter last year, the same rate increase seen in the previous quarter, and 13% increase compared to the same nine month period last year (growth was 14% for the same period last quarter).
The Microsoft Dynamics product line generates less than 10% of the revenue for MBD.