Microsoft’s profits slipped slightly in the final quarter of last year as weak PC market hit the software giant’s core Windows business.
During the three months to the end of December 2011, Microsoft pocketed a net profit of $6.624 billion (£4.27 billion), slightly down from $6.634 billion in the previous quarter.
Total revenue jumped 5 per cent to settle at $20.89 billion, but revenue generated by Windows division slipped 6.1 per cent to $4.74 billion.
The Windows accounted for just 22.7 per cent of Microsoft’s total revenue. It was Windows lowest share in the company’s revenue since the third quarter of 2009. The three months to December 31 marked the fifth consecutive quarter of negative revenue growth for the Windows division.
In late 2009, Windows accounted for 36.3 per cent of the company’s total revenue.
But, the company said it delivered robust financial results for the concerned three-month period.
Speaking on the topic, Microsoft CFO Peter Klein said, “We saw strong demand for our business products and services, despite the soft PC market and continuing economic uncertainty in key parts of the world.”
Microsoft’s Entertainment & Devices arm reported the steepest increase in revenue. It generated $4.24 billion in revenue, up 15 per cent from the previous quarter.
As per recent reports, it has been revealed that GlaxoSmithKline (GSK) has acquired Okairos AG for _250 million. By making such a move, the company has strengthened its vaccine business, said experts.
Experts continued by affirming that...
Austrian authorities have asked Turkey to extradite an Austrian arrested recently. He is wanted...
China-based device manufacturer ZTE has recently revealed that it has worked out a "strategic...
It seems that grim situation prevailing over the housing market in the UK has been getting better. It has been said so as UK house prices have witnessed a humble rise of 0.4%.
Figures have been revealed through a survey carried out by the...
According to reports, the Abu Dhabi Investment Authority (ADIA) has reduced the minimum asset...
The rapidly-growing field of digital assistants for mobile devices has now got a new entrant...
As per recent reports, it has been revealed that GlaxoSmithKline (GSK) has acquired Okairos AG for _250 million. By making such a move, the company has strengthened its vaccine business, said experts.
Experts continued by affirming that...
According to a recent report by Windows SuperSite's Paul...
Chinese leaders have been seen succeeding in generating...
It has been reported that the Vienna archaeologist is...
© 2011 AustrianTribune - Tribune Online Services. All times CET (GMT + 1.00).