Microsoft reports Q2 earnings, revenue up 14%, though soft PC sales are hurting Windows
The second quarter earnings report for Microsoft showed enterprise revenue help boost performance, with Q2 revenue coming in at $24.5 billion, up a little more than 14 percent over the same quarter last year. Net income was 6.558 billion, up 2.8 percent over the same quarter in 2012.
PC sales continue to haunt Microsoft, though. Windows OEM revenue declined 3%.
Surface revenue doubled to $893 million in the second quarter over the previous quarter, though one must keep in mind that Q2 for Microsoft including the holiday shopping season.
“Our Commercial segment continues to outpace the overall market, and our Devices and Consumer segment had a great holiday quarter,” Steve Ballmer, chief executive officer at Microsoft said in the earnings statement. “The investments we are making in devices and services that deliver high-value experiences to our customers, and the work we are doing with our partners, are driving strong results and positioning us well for long-term growth.”
Apple reports earnings after the bell on Monday, so it will be interesting to compare both Mac and iPad numbers to what Microsoft reported. Mac sales are expected to also fall, though most analysts are predicting a record quarter for iPad sales.