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News & ArtsThursday, January 19, 2012
Tech / Economy Microsoft Profits Flat as PC Sales Decline
Posted by Goldy on Thu, Jan 19, 2012 at 2:54 PM
Local money machine Microsoft posted record revenues of $20.89 billion for its quarter ending December 31, 2011, but profits were down ever-so-slightly, to $6.62 billion from $6.63 billion in the year-ago quarter. Sales of Microsoft's flagship Windows operating system fell 6 percent, to $4.74 billion, largely due to a "soft PC market."
Still, Microsoft remains enormously profitable, and the quarterly results slightly beat analysts' expectations. So no "Kodak moment" quite yet for the local software giant.
7
@5 That $8.5 billion comes from Microsoft's $55.94 bllion in cash reserves so it wouldn't go against revenues. http://finance.yahoo.com/q/ks?s=msft
8
People tend to forget they do more than windows. Some of those products do very very well.
SharePoint was a huge leap for many many companies.
SharePoint was a huge leap for many many companies.
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