Microsoft earned $ 4.97 billion for the quarter

By | 10.12.2018

Microsoft earned $ 4.97 billion for the quarter

The total revenue of Microsoft in the last financial quarter of 2013 amounted to 19.90 billion. During the reporting period, the company from Redmond has received 6.08 billion operational profit and net profit of $ 4.97 billion. The reduction in net profit from 6.06 billion in the third quarter, as explained by the company caused by the consumption in the amount of $ 900 million that related to «redistribution of stocks of Surface RT». This means that the company has a large number of unsold units of the device, and that explains the recent price reduction on this tablet.

The published report also shows 782 million of the delayed income that is connected with shares for Office updates. Microsoft CFO Amy hood admits that these results reflect the decline in the PC market, and it will probably lead to increased attention from the software giant, corporate customers and cloud services.

For the entire 2013 fiscal year, Microsoft reported a net profit of $ 23.76 billion. The business Department of the company showed a 3 percent growth the and link Server & Tools reported a profit increase of 9%. The other good news came from the Windows division, revenue of which increased by 5% on an annual basis and 6% compared to the previous quarter; and Entertainment and Devices division – revenue growth of 6% for the year.

: Engadget

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