Microsoft’s net profit falls 2.3 percent in first quarter
The software company Microsoft closed the first quarter of 2012 with a net profit of 5.108 million dollars, 2.3 percent less than the same period last year, although revenue rose May 1 , 9 percent in annual terms, the company said today.
Between January and March, the third quarter of its fiscal year, Microsoft raised 17,407,000 dollars after experiencing growth in its operating revenues by 11.4 percent to 6.374 million dollars.
Operating expenses stood at 11.033 million dollars, up 2.9 percent from January to March 2011.
Among the factors that favored the reduction of the benefit of Microsoft is the fact that in the same period in 2011 the technological computed a game of $ 461 million in its favor from a tax agreement with the U.S. authorities
“We’re going to exciting releases throughout the company while presenting strong financial results,” said Microsoft CEO Steve Ballmer said in a statement.
Ballmer said that in the remainder of the year the company will offer an “exceptional value” to consumers by the upcoming release of the operating system for computers and Windows 8 tablets and the next version of Office.
Despite the cyclical change in these products, Microsoft increased its revenues in the divisions responsible for development of such software from the sale of previous versions.
The products and services for businesses, including programs such as Office 2010, were the ones who most contributed to the coffers of the company during the quarter in which 5.814 million dollars raised a year improvement of 9.1 percent.
The Department of Windows and Windows Live saw its contribution to the company by 3.9 percent to 4.624 million dollars.
“We have seen a strong demand for our range of desktop and business infrastructure,” said CFO Peter Klein, who pointed to a “continued cost discipline” to consolidate the revenue.
The only area of the company that experienced a reduction in income was the entertainment, which fits the popular Xbox and peripheral Kinect in 2011 were the hot item of Microsoft.
Between January and March, the gaming division achieved 1,616 million dollars, 16.4 percent less in annual terms.
Despite the turnaround, Xbox is still the best selling console in the U.S., said Microsoft.
Following the announcement of results the company’s assets were listed more than 3 percent higher in the negotiations conducted after the closing stock of Wall Street.
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