By Angela Gunn Published April 23, 2009
For the company's fiscal third quarter ended on March 31, Microsoft on Thursday is unveiling some highly unattractive numbers, including a net-income drop of 32% and an EPS decline of 30%, to 33 cents per share (in GAAP earnings; non-GAAP earnings weighed in at 39 cents/share, precisely as had been predicted). Revenues for the quarter were $13.65 billion, a decrease year-to-year of 6%; net income was up by 3%, to $4.44 billion. As the company prepped for its 2:30pm EDT phone call, a skim of the earnings-report press release reveals that compared to the third quarter of last year, the Online Services and Entertainment and Devices divisions had a rotten few months, with operating-income losses of $575 million and $31 million respectively. Online Services has a history of bleeding out -- they lost $226 million this time last year -- but the folks who bring you the Xbox 360 and other amusements are normally profitable, showing $106 million in operating income a year ago.
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