UPDATE 1-Microsoft profit falls as PC sales shrink
* Fiscal Q2 EPS $0.78 versus Wall Street view $0.76
* Sales rise 5 pct, helped by servers, Xbox
* Windows sales down as PC market dips
* Shares rise 2.2 percent after hours
(Adds analyst estimates, comment)
By Bill Rigby
SEATTLE, Jan 19 (Reuters) - Microsoft Corp (MSFT.O) said on Thursday fiscal second-quarter profit fell very slightly, as lower computer sales hurt its core Windows business.
The world's largest software company reported net profit of $6.624 billion, or 78 cents per share, compared with $6.634 billion, or 77 cents per share, in the year-ago quarter.
The per share figure rose as Microsoft had fewer shares outstanding in the most recent quarter. It beat Wall Street's average forecast of 76 cents.
Sales rose 5 percent to $20.9 billion, in line with analysts' forecasts, helped by its Office, server software and Xbox businesses.
Microsoft shares rose 2.2 percent after hours to $28.78. They closed at $28.12 on Nasdaq.
“The results are pretty much in line with my expectations. We all expected the PC market to be weak and the Windows business was down because of that. But the server and tools business is growing well,” said Sunit Gogia, an equity analyst at Morningstar.
((email@example.com)(+1 206 418 9236)(Reuters Messaging: firstname.lastname@example.org)) Keywords: MICROSOFT/
(C) Reuters 2011 All rights reserved. Republication or redistribution of Reuters content, including by caching, framing, or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
- Tweet this
- Share this
- Digg this
- Putin admits Russian forces were deployed to Crimea
- Three dead in east Ukraine, Putin warns of 'abyss' |
- Search for Malaysia jet refocuses on drone scans of sea floor
- Divers struggle in search for South Korean ferry survivors |
- India holds biggest day of voting with Hindu nationalists gaining strength