Microsoft net income flat despite revenue rise
Microsoft said today that its net income for the quarter to December was roughly flat on a year ago as revenue rose 5%, despite a soft market for personal computers.
Net income in the company's second quarter came to $6.62bn (€5.1bn), or 78 cents per share, slightly down from $6.63bn (€5.11bn), or 77 cents per share, a year ago.
Revenue rose to $20.89bn (€16.1bn).
The earnings beat the expectations of analysts polled by FactSet, who were looking for 76 cents per share. But sales were below the $20.92bn (€16.13bn) expected.
Microsoft's Windows operating system division saw a revenue decline, but that was more than made up for by gains in its business, server, Xbox 360 and online services units.
Shares rose 2.1% to $28.71 in after-hours trading.
