John Paczkowski

Recent Posts by John Paczkowski

Microsoft Earnings Surprisingly Better Than Expected

Well, what do you know. Microsoft’s fiscal third quarter earnings surpassed analyst expectations.

Posting financials after market close Thursday, the company reported a fiscal third-quarter profit of $5.11 billion, or 60 cents a share, on $17.41 billion in revenue.

Analysts surveyed by Thomson Financial, on average, had expected the company to report revenue of $17.18 billion — up 4.6 percent from a year ago.

Driving the beat: The majority of Microsoft’s various divisions, which all posted revenue increases, save one. Strong Windows 7 adoption allowed the company’s Windows and Windows Live Division to post revenue of $4.62 billion, a 4 percent increase over the year prior. Its Server & Tools business posted $4.57 billion in third-quarter revenue, a 14 percent increase from the year prior. Revenues were up 9 percent at Microsoft’s Business Division which reported $5.81 billion in revenue. And they were up 6 percent at Online Services, which posted $707 million in revenue.

That leaves Entertainment & Devices, which was the big loser this quarter. It posted revenue of $1.62 billion, a decrease of 16 percent. Evidently, some of the shine is starting to come off the Kinect.

Microsoft is revising operating expense guidance downward and now offers a range of $28.3 billion to $28.7 billion for the full year ending June 30, 2012. Microsoft also offers preliminary fiscal year 2013 operating expense guidance of $30.3 billion to $30.9 billion, representing 6 percent to 8 percent growth from the midpoint of fiscal year 2012 guidance.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work