Earnings: Microsoft Posts Flat Revenues For Q1 As Operating Dives 33.1 Percent
This story was written by David Kaplan.
Microsoft (NSDQ: MSFT) said revenue for the three months ending March 31st came in at $14.45 billion just 0.3 percent above last year's $14.40 billion. Operating income for the quarter was down 33.1 percent to $4.41 billion (per share $0.47), as the company posted $6.59 billion in same period the year before. Operating income and earnings per share results included a charge of $1.42 billion ($0.15 per share) for the European Commission fine. Income taxes were reduced by $0.15 per share for the resolution of a tax audit.
The Redmond-based software company also said that net income fell 11 percent to $4.38 billion from last year's $4.92 billion. More to come
By David Kaplan