Microsoft's Q3 earnings down from last year, CFO stepping down

Microsoft's Q3 earnings down from last year, CFO stepping down
Just to erase any confusion over this, Microsoft deals with its earnings call a bit differently than other companies. So, Microsoft's earnings call that happened today was for the company's fiscal Q3 of 2013, which matches the calendar Q1, meaning that we're talking about the same timeframe of January to March as with Google's earnings call earlier. We will refer to everything on Microsoft's terms though.

However, where Google beat profit estimates, Microsoft's numbers weren't quite as good overall. Microsoft announced $20.49 billion in revenue and $6.06 billion in profit, which is not only down from the holiday Q2 on both numbers, but is also a drop year-on-year from the profit numbers in Q3 of 2012. Last quarter, Microsoft reported $21.5 billion and $6.38 billion profit, and in Q3 2012 the company reported $17.41 billion in revenue and $6.37 billion in profit. 

However, despite numbers being down overall, the Windows division saw a pretty sizeable bump year-on-year to revenue of $5.7 billion compared to $4.62 billion of a year ago, although $1.09 billion of that has to be deferred because of Windows 8 upgrade deals. And, despite the overall profit numbers being down, Microsoft saw year-on-year growth in its Entertainment and Devices, Online Services, and Business divisions. 

As part of the call, Microsoft's CFO, Peter Klein, has announced that he's stepping down from his position at the end of the company's fiscal year, which ends in June. There were no explanations as to why Klein was leaving the company, but he did imply it was an amicable breakup. 

source: Microsoft via Engadget

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25 Comments

1. Shaznek

Posts: 43; Member since: Apr 18, 2013

Why is this different to what the verge is reporting here "Microsoft just released its fiscal Q3 2013 statement, with overall revenue of $20.49 billion up 18 percent year-over-year" and "At the end of the day, however, Microsoft had a healthy quarter — total net income for the quarter was $6.06 billion, up 18.5 percent year-over-year".Also Engadget sounds neutral in their reporting while you guys, just from the title, sound like Microsoft is facing a huge crisis. This is what i call unprofessional reporting.

4. TROLL

Posts: 4851; Member since: Apr 13, 2012

Looks like they don't like MS?

10. papss unregistered

See that's where you misunderstood this site... It's only bloggers, they have no real care to really tell the news but more their spin on reality sort of like fox news..

11. madpiyal

Posts: 108; Member since: Feb 11, 2013

Why don't u see its form Mr Michel. He has a tendency to defame some companies(in this article MS) and write enthusiastically about Google. I like this site but We tech guys deserve better writings from Phonearena,

20. haseebzahid

Posts: 1853; Member since: Feb 22, 2012

I also dont get it they saying wp8 getting boost devices got boost where the hell is the decline then O_o or they just want to make MS look bad typical media tactics i guess

26. Shaznek

Posts: 43; Member since: Apr 18, 2013

Alos just cheked Microsoft earnings my self after reading what PCWorld wrote and apparently MS got a year over year growth in all the devisions lol.This article is a fail.

2. downphoenix

Posts: 3165; Member since: Jun 19, 2010

too bad it was not the CEO stepping down.

5. Sniggly

Posts: 7305; Member since: Dec 05, 2009

Completely agreed.

12. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

I don't get it, why everyone hate Elop? Just because Elop killed Symbian? Symbian is dying before Elop become Nokia's CEO! And because Elop didn't choose Android? Elop wants to try something new, and there's nothing wrong with Nokia and WIndows Phone! Remember! Android is not gonna rule forever!

13. Sniggly

Posts: 7305; Member since: Dec 05, 2009

We were talking about Steve Ballmer and his Amazing Punchable Face (TM).

15. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

I'm talking about Stephen Elop and Nokia! :P

16. Sniggly

Posts: 7305; Member since: Dec 05, 2009

Apparently there are some Steve Ballmer fans here. GO AHEAD, DOWNTHUMB ME. DOESN'T MAKE ME WRONG.

17. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

I'm Peter Chou's fan! (HTC CEO) I'm Kazuo Hirai's fan! (Sony CEO) There, how about that? :P

22. haseebzahid

Posts: 1853; Member since: Feb 22, 2012

althgouh i like WP8 and its other Stuff i also dont like Steve Balmer style and overconfidence in many things.

18. eisenbricher

Posts: 973; Member since: Aug 09, 2012

Dude did you even read the article? This whole thing is about MS. So naturally the guys were talking abt Ballmer.

21. haseebzahid

Posts: 1853; Member since: Feb 22, 2012

ROFL ELOP isnt in article here MS CEO is Steve balmer is CEO i guess

3. pongkie

Posts: 663; Member since: Aug 20, 2011

I still can't believe they made money on office 365

8. papss unregistered

I happen to like office 365..

14. volcano

Posts: 348; Member since: Jan 25, 2013

why not its good and im using it

6. tward291

Posts: 559; Member since: Feb 14, 2012

U guys also put a negative spin on anything ms or Nokia or windows

7. TROLL

Posts: 4851; Member since: Apr 13, 2012

They deserve it!

23. haseebzahid

Posts: 1853; Member since: Feb 22, 2012

they dont its only few of you guys and PA anti MS / Nokia blogers who make them look bad in real life i dont hear bad words from guys of any type WP8 is a new OS u simply dont like it cuz u dont want it othervise it is brilliant Ads free OS and customizable its just people dont know how there are many legal tricks for that i just discovered one last week :D and it made my WP7.8 look much intersting now

24. Sniggly

Posts: 7305; Member since: Dec 05, 2009

Windows Phone is all right. It's really the company, and their insistence that they dump the traditional Windows interface for one that doesn't work nearly as well on computers, that I can't stand.

25. haseebzahid

Posts: 1853; Member since: Feb 22, 2012

there is rummor they gona bring that old desktop option back for win8.1 maybe on some extend but i would bet on the Skinery Software if MS support them on full scale for their ideas they are making most brillient cusotmization option for Wp8 and win8

19. jeff1434325

Posts: 97; Member since: Aug 07, 2012

I dotn really get this news by Michael H. of PA. this is so different from the news on Yahoo finance & Google finance. Investors Business Daily----"Microsoft Clears 'Low Bar' With Q3 Results; Stock Up." Wall St. Cheat Sheet------"Radar Movers: Microsoft and Google Impress Wall Street, IBM Sinks 4%" Oh please michael, you're NOT doing your research very well-----YOUR FIRED!!!

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