Saturday, April 20, 2013

Microsoft Profit Rises but Windows Is Flat

Article Excerpt

Microsoft Corp. is starting to show the ill effects from a sinking personal-computer market, but its businesses like videogames and server software are picking up some of the slack.

The Redmond, Wash., software company on Thursday reported profit rose 19% to $6.06 billion for its fiscal third quarter ended March 31. Revenue was $18.8 billion after stripping out revenue deferred from prior software sales, up 8.2% from $17.4 billion a year ago and better than some analysts expected.

The growth was driven by sales of back-end corporate software, the Bing search engine and the division including the Xbox videogame business.

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Source: http://online.wsj.com/article/SB10001424127887324493704578431061824696412.html?mod=rss_asia_whats_news

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