Microsoft Corporation Reports Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended December 31, 2012; Provides Earnings Guidance for the Fiscal Year 2013
January 24, 2013 at 05:30 pm
Share
Microsoft Corporation reported unaudited consolidated earnings results for second quarter and six months ended December 31, 2012. For the quarter, the company's revenue was $21,456 million against $20,885 million a year ago. Operating income was $7,771 million against $7,994 million a year ago. Income before income tax was $7,770 million against $8,239 million a year ago. Net income was $6,377 million or $0.76 per diluted share against $6,624 million or $0.78 per diluted share a year ago. Net cash from operations was $4,780 million against $5,862 million a year ago. Additions to property and equipment were $930 million against $498 million a year ago. Non-GAAP revenue was $22,002 million, operating income of $8,317 million and diluted EPS of $0.81.
For the six months, the company's revenue was $37,464 million against $38,257 million a year ago. Operating income was $13,079 million against $15,197 million a year ago. Income before income tax was $13,304 million against $15,545 million a year ago. Net income was $10,843 million or $1.28 per diluted share against $12,362 million or $1.46 per diluted share a year ago. Net cash from operations was $13,264 million against $14,355 million a year ago. Additions to property and equipment were $1,533 million against $934 million a year ago.
The company expects effective tax rate to be 17% to 20% for the full fiscal year, and expects capital expenditures to be about $3.5 billion for the full fiscal year.
Microsoft Corporation is the world's leader in the design, development and marketing of operating systems and software programs for PC's and servers. The group also builds and sells computer equipment. Net sales break down by activity as follows:
- sale of operating systems and application development tools (47.9%): primarily for servers (Azure, SQL Server, Windows Server, Visual Studio, System Center, GitHub, etc.) and (Windows);
- development of cloud-based software applications (23%): programs for productivity (Microsoft 365; Word, Excel, PowerPoint, Outlook, OneNote, Publisher and Access), integrated management and customer relationship management (Dynamics 365), online file sharing and management (OneDrive), and unified and collaborative communications (Skype and Microsoft Teams);
- sale of video gaming hardware and software (7.3%) : mainly Xbox;
- enterprise services (3.6%);
- sale of computers, tablets and accessories (2.6%);
- other (15.6%).
The United States accounts for 50.4% of net sales.
Microsoft Corporation Reports Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended December 31, 2012; Provides Earnings Guidance for the Fiscal Year 2013