Microsoft just announced its financial performance for Q3 of 2013 and the results are looking reasonably good. Microsoft announced a revenue of $18.53 billion, a gross margin of $13.42 billion, an operating income of $6.33 billion and a net income of $5.24 billion which is $0.62 per share. Microsoft claims these results reflect the deferral of $113 million of Windows 8.1 pre-sales revenue (meaning this won’t show up until the Q4 2013 results).
Compared to the same period last year (Q3 2012) Microsoft claims the following:
Microsoft’s outgoing CEO Steve Ballmer commented on Microsoft’s successes:
“Our devices and services transformation is progressing and we are launching a wide range of compelling products and experiences this fall for both business and consumers,” said Steve Ballmer, chief executive officer at Microsoft. “Our new commercial services will help us continue to outgrow the enterprise market, and we are seeing lots of consumer excitement for Xbox One, Surface 2 and Surface Pro 2, and the full spectrum of Windows 8.1 and Windows Phone devices.”
The sell-off of last generation Surface inventory, the launch of Windows 8.1, the growing popularity of Windows Phone (driven by the Nokia handset takeover), the launch of the Xbox One and the launch of the new second generation Surface tablets are all occurring in Q4 of this year. As a result when Microsoft next posts its Q4 2013 figures in late January of 2014 we should expect to see some really impressive numbers.
Image courtesy of Microsoft
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