Microsoft Corporation reported its Q2 2012 earnings with revenue of $20.89 billion, a 5% increase from the prior year period. The company operating income, net income, and diluted earnings per share for the quarter were $7.99 billion, $6.62 billion, and $0.78 per share, compared with $8.17 billion, $6.63 billion and $0.77 per share, respectively, in the prior year period.
“We delivered solid financial results, even as we prepare for a launch year that will accelerate many of our key products and services,” said Steve Ballmer, chief executive officer at Microsoft. “Coming out of the Consumer Electronics Show, we’re seeing very positive reviews for our new phones and PCs, and a strong response to our new Metro style design that will unify consumer experiences across our phones, PCs, tablets, and television in 2012.”
Microsoft COO Kevin Tumer said, “In addition to the continued strength of our commercial business, this holiday season was the strongest in Microsoft history, thanks to good sales execution and compelling products like Xbox 360 and Kinect.” He further added, “We are seeing a lot of excitement for new devices, from Windows 7 Ultrabooks to new Windows Phones, as well as growing anticipation for Windows 8.”
The company beat Wall Street’s revenue estimates as analysts were expecting earnings of $0.76 per share, with estimates ranging between $0.68 and $0.80. And it hit expected revenue square (about $20.9 billion), with estimates between $21.4 billion and $20.2 billion.