Microsoft posts record revenue, but quarterly profits fall
eWeek | at | by Mike
While Microsoft managed to post record quarterly revenue of $12.54 billion for the second quarter of its fiscal year, which ended Dec. 31, exceeding even the high end of its own projections, it also recorded a 28 percent fall in quarterly net profit after deferring some $1.6 billion in revenue.
The Redmond, Wash., software company, which released its second quarter results Jan. 25 after the financial markets in New York had closed for the day, posted operating income of $3.47 billion for the quarter under review, with net income coming in at $2.63 billion and diluted earnings of $0.26 a share.