Microsoft Earnings Reflect Rise in Demand for Tablets
Microsoft’s bottom line took a hit in the fourth quarter of 2012, but the company gained in core areas, according to the financial results that the software maker disclosed yesterday.
Microsoft’s net income dropped nearly four percent to $6.38 billion, or 76 a shares, from the $6.62 billion or 78 cents it delivered a year ago. The company cited lowered demand for its enterprise solutions and entrainment products as the cause of the decline.
Total revenue for the quarter ended December 31, 2011 was $21.5 billion. Microsoft’s Windows business grew 24 percent and accounted for $5.88 billion in that period, while the Server & Tools group raked in $5.19 million – 9 percent more than in the fourth quarter of 2011. The firm’s services income swelled 10 percent to $869 million.
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