This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Microsoft Falls On Mixed Results

NEW YORK ( TheStreet) -- Microsoft's (MSFT - Get Report) second-quarter was boosted by strong results from its Server & Tools division and Windows 8 licenses, helping propel the company's earnings past Wall Street expectations.

The Redmond, Wash.-based firm earned 76 cents a share on a GAAP basis during its fiscal second quarter, generating $21.46 billion in revenue. Analysts polled by Thomson Reuters were expecting 75 cents per share on $21.5 billion in revenue for the second quarter.

"Our big, bold ambition to reimagine Windows as well as launch Surface and Windows Phone 8 has sparked growing enthusiasm with our customers and unprecedented opportunity and creativity with our partners and developers," said Microsoft CEO Steve Ballmer, in a statement. "With new Windows devices, including Surface Pro, and the new Office on the horizon, we'll continue to drive excitement for the Windows ecosystem and deliver our software through devices and services people love and businesses need."

Of note was the Windows Division, which jumped 24% year-over-year to $5.88 million, thanks to Windows 8. Microsoft has sold over 60 million Windows 8 licenses to date, it said. The Server & Tools business saw a 9% year-over-year increase in sales to $5.19 billion and Online Services jumped 11% from the year-ago period to $869 million, led by a 15% climb in online advertising revenue.

Microsoft reaffirmed its fiscal year 2013 operating expense guidance of $30.3 billion to $30.9 billion.

The company exited the quarter with $68.3 billion in cash and cash equivalents.

Shares of Microsoft closed the session higher, up 0.07% to finish at $27.63. The stock is moving lower in extended trading, down 1.77% to $27.14, according to Nasdaq.com.

The company will hold a conference call at 5:30 P.M. EST to discuss the results.

Interested in more on Microsoft? See TheStreet Ratings' report card for this stock.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
MSFT $47.95 0.17%
AAPL $134.68 3.40%
FB $81.81 0.34%
GOOG $555.39 -1.70%
TSLA $231.69 6.10%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs