Ahead of taking on a fundamental shift in business strategy, Microsoft today announced revenue of $16.01 billion for fiscal Q1 2013. That fell just below Wall Street expectations that had called for $16.5 billion in sales. Net income plummeted by 22 percent as the company readies major hardware and software initiatives due in the weeks ahead.
As expected, Windows lagged significantly in the months preceding Microsoft's much-publicized debut of Windows 8. The Windows and Windows Live divisions fell to $3.24 billion, a decrease of 33% compared to where things stood one year ago. That's largely attributable to waning PC momentum: recent estimates from Gartner indicate that worldwide PC shipments fell 8 percent in the third quarter as...
via The Verge - All Posts http://www.theverge.com/2012/10/18/3521760/microsoft-q1-2013-financial-earnings
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