Microsoft: Cloud, Surface Rise While Profits Fall

January 27, 2015 Off By David

Grazed from InformationWeek. Author: Kelly Sheridan.

Microsoft’s most recent earnings report indicates a fall in quarterly profit due to restructuring expenses and tax adjustments. While revenue increased 8% from the same quarter a year ago, net income fell by 10%. However, sales of its Surface tablet and the company’s cloud computing business offered some bright spots.

The tech giant reported revenue of $26.47 billion during its quarterly earnings calls on Jan. 26. Microsoft’s profit had fallen from the previous year, with numbers clocking in at $5.86 billion, or $0.71 per share, compared with $6.56 billion during the same quarter the previous year…

Its Devices and Consumer Licensing segment showed little promise, with $4.2 billion in consumer licensing revenue -– a 25% decline from last year. This includes money generated by selling the Windows OS to OEMs, consumer versions of Office 2013, and license revenue for Windows Phone. Microsoft attributed the loss to a slow PC market in Japan, where Office is highly attached to PCs, in addition to the growing transition to cloud versions of Office…

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