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Microsoft Reports Q3 With 13pct Increase
engine




msg:4305803
 9:44 am on Apr 29, 2011 (gmt 0)

Microsoft Reports Q3 With 13pct Increase [microsoft.com]
Redmond, Wash. – Apr. 28, 2011 – Microsoft Corp. today announced third-quarter revenue of $16.43 billion for the quarter ended Mar. 31, 2011, a 13% increase from the same period of the prior year. Operating income, net income, and diluted earnings per share for the quarter were $5.71 billion, $5.23 billion, and $0.61 per share, which represented increases of 10%, 31%, and 36%, respectively, when compared with the prior year period. Diluted earnings per share included a $0.05 tax benefit primarily related to an agreement with the U.S. Internal Revenue Service to settle a portion of their audit of tax years 2004 to 2006.

“We delivered strong financial results despite a mixed PC environment, which demonstrates the strength and breadth of our businesses," said Peter Klein, chief financial officer at Microsoft. "Consumers are purchasing Office 2010, Xbox and Kinect at tremendous rates, and businesses of all sizes are purchasing Microsoft platforms and applications."

 

Rockyou




msg:4305812
 10:12 am on Apr 29, 2011 (gmt 0)

Online business is making a loss of $726 Million, Then Why they are keeping advertisement rates artificially low, Webmasters, Adsense Publishers are suffering because of that.

Sgt_Kickaxe




msg:4305820
 10:33 am on Apr 29, 2011 (gmt 0)

They keep ad rates low to avoid having competing sites pop up? I don't know.

What I do know is that it's strange to see a company turn billions in profit while the economy is in the tank and gas is about to hit $5 a gallon.

Doesn't make sense. Good job Microsoft, I think, but it's hard for regular folk to get excited over your billions.

incrediBILL




msg:4305836
 12:17 pm on Apr 29, 2011 (gmt 0)

Then Why they are keeping advertisement rates artificially low, Webmasters, Adsense Publishers are suffering because of that.


You answered your own question.

They're making it attractive for advertisers, and once they get a good slice of Google's ad revenue they'll push the ad rates a bit.

But you have to hook the customer first as Google has them locked up.

MS's online strategy is long term, they're slowly chipping away at the problem, but make no mistake about it, with that much money at stake, they'll keep chipping until the tide turns.

walkman




msg:4305853
 1:01 pm on Apr 29, 2011 (gmt 0)

"What I do know is that it's strange to see a company turn billions in profit while the economy is in the tank and gas is about to hit $5 a gallon. "

Exxon (XOM) made about twice as much as Microsoft, and they even get special tax breaks.

J_RaD




msg:4305917
 2:55 pm on Apr 29, 2011 (gmt 0)


Then Why they are keeping advertisement rates artificially low, Webmasters, Adsense Publishers are suffering because of that


im not suffering, im 1000% cashing in on all this cheap traffic! GO BINGOOH. I also don't make my paycheck off ads on my site either.

heisje




msg:4306019
 5:30 pm on Apr 29, 2011 (gmt 0)

I never expected the day would come when I would be elated to hear good news about MS. Thanks Google . . . . .

I also don't make my paycheck off ads on my site either.

Way to go!

.

frontpage




msg:4306107
 8:54 pm on Apr 29, 2011 (gmt 0)


Exxon (XOM) made about twice as much as Microsoft, and they even get special tax breaks.


False. That is an administration myth. Exxon gets the same tax breaks as large companies. Exxon pays more taxes than any other company in the Standard & Poor’s 500 index. Meanwhile "Green Engergy" is totally subsidized by the current administration and it has yet to generate any meaningful progress or tax revenue despite the billions invested.

Why single out Exxon? Other companies are more profitable then Exxon but get ignored.

Fuel at $5.00 a gallon is already here in New York, it's because our national energy policy is a sophomoric joke that drives up fuel costs.

bwnbwn




msg:4306111
 8:59 pm on Apr 29, 2011 (gmt 0)

Gas is 5.00 a gallon because the dollar is weak and our debt is beyond control. Look around the world 5.00 is still cheap.

walkman




msg:4306210
 2:30 am on Apr 30, 2011 (gmt 0)

"Look around the world 5.00 is still cheap."

Taxes make the difference

tedster




msg:4306242
 5:47 am on Apr 30, 2011 (gmt 0)

With regard to Microsoft's profits - today we also got the news that Apple topped even Microsoft's numbers [appolicious.com]. "The reason: iPad’s cutting into the market share normally enjoyed by laptop computers."

np2003




msg:4306255
 7:31 am on Apr 30, 2011 (gmt 0)

US dollar ain't worth what it use to be worth...

engine




msg:4306276
 8:47 am on Apr 30, 2011 (gmt 0)

Microsoft's business in different sectors are likely to generate different profit levels. For sure, they will be hit in some sectors and not in others. Its traditional 'office' areas are going to be affected, so it'll be interesting to see how that sector will be affected over the years to come.

glitterball




msg:4306285
 10:18 am on Apr 30, 2011 (gmt 0)

Fuel at $5.00 a gallon is already here in New York, it's because our national energy policy is a sophomoric joke that drives up fuel costs.


Is that really the current price? That's about 0.89 Euros per litre - very cheap from where I'm sitting!

rogerd




msg:4306300
 11:56 am on Apr 30, 2011 (gmt 0)

Microsoft's game business seems to be doing well, particularly the Kinect. I wonder if they'll get a boost from Sony's massive PS security breach.

BillyS




msg:4306301
 12:21 pm on Apr 30, 2011 (gmt 0)

Is that really the current price? That's about 0.89 Euros per litre - very cheap from where I'm sitting!

I pay closer to $3.85 / gallon...

Back on topic...

I agree with the assessment that the Sony problem is going to help XBox360 over the long haul. MS just has to be careful not to have this kind of breach.

aleksl




msg:4306665
 9:19 pm on May 1, 2011 (gmt 0)


glitterball
Fuel at $5.00 a gallon is already here in New York, it's because our national energy policy is a sophomoric joke that drives up fuel costs.


Is that really the current price? That's about 0.89 Euros per litre - very cheap from where I'm sitting!


Because you sit in Socialist European Union, where oil and financial oligarchs (kleptocracy) run the show.

Here in US oil and financial oligarchs has only been running the show for 50 some odd years (CFR leaders are Rockfellers whos flagmanship is Standard Oil, now Exxon/Mobil), so it isn't socialist-ized enough yet. But the way it is going it will be there very soon.

And you have yet to see the startling profits of the Wall street bankers - people who produce nothing, whos business is nothing but a bunch of computers and desks, yet who enjoy BY FAR the largest profits. Microsoft is a baby earner compared to some Banks (and NO, Bill gates is not the richest man in the world, what a joke that Forbes list is)

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