If this is indeed the post-PC era as some are claiming, it isn’t having the kind of detrimental effects that one would expect it to have on Microsoft’s fiscal health. The Redmond-based software leviathan on Thursday announced its financial results for the third quarter of fiscal year 2012 and the numbers are better than Wall Street’s expectations. Hit the jump for more.
According to the company, its third-quarter revenue was a record $17.41 billion, a 6 percent increase from the same period last year. Even though the software giant’s net income fell slightly year-on-year to $5.11 billion, or 60 cents per share, it was higher than the Street’s forecast of around 58 cents per share.
“We’re driving toward exciting launches across the entire company, while delivering strong financial results,” said Steve Ballmer, chief executive officer at Microsoft, in a press release. “With the upcoming release of new Windows 8 PCs and tablets, the next version of Office, and a wide array of products and services for the enterprise and consumers, we will be delivering exceptional value to all our customers in the year ahead.”
Barring the lackluster performance of the Entertainment & Devices Division, which posted an year-on-year revenue decline of 16 percent, the company managed to do well in almost all other key areas, with the enterprise-focused Servers and Tools and Business Divisions being the best performers.
The Windows and Windows Live Division, which posted a considerable revenue decline during the previous quarter, managed to bounce back in this one, posting a revenue of $4.62 billion, a 4% increase from the same period last year. The company also revealed that 40 percent of the world’s enterprise desktops now run on Windows 7.
“We saw strong demand for our business desktop and infrastructure offerings,” said Peter Klein, chief financial officer at Microsoft. “Solid revenue growth and continued cost discipline drove double-digit operating income growth.”