Microsoft Corporation Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended December 31, 2013
January 24, 2014 at 02:59 am IST
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Microsoft Corporation reported unaudited earnings results for the second quarter and six months ended December 31, 2013. For the quarter, the company reported revenue of $24,519 million compared to $21,456 million a year ago. Operating income was $7,969 million compared to $7,771 million a year ago. Income before income taxes was $7,878 million compared to $7,770 million a year ago. Net income was $6,558 million compared to $6,377 million a year ago. Diluted earnings per share was $0.78 compared to $0.76 a year ago. Net cash from operations was $4,413 million compared to $4,780 million a year ago. Additions to property and equipment was $1,732 million compared to $930 million a year ago.
For the six months, the company reported revenue of $43,048 million compared to $37,464 million a year ago. Operating income was $14,303 million compared to $13,079 million a year ago. Income before income taxes was $14,286 million compared to $13,304 million a year ago. Net income was $11,802 million compared to $10,843 million a year ago. Diluted earnings per share was $1.40 compared to $1.28 a year ago. Net cash from operations was $12,618 million compared to $13,264 million a year ago. Additions to property and equipment was $2,963 million compared to $1,533 million a year ago.
Microsoft Corporation is the world's leader in the design, development and marketing of operating systems and software programs for PC's and servers. The group also builds and sells computer equipment. Net sales break down by activity as follows:
- sale of operating systems and application development tools (47.9%): primarily for servers (Azure, SQL Server, Windows Server, Visual Studio, System Center, GitHub, etc.) and (Windows);
- development of cloud-based software applications (23%): programs for productivity (Microsoft 365; Word, Excel, PowerPoint, Outlook, OneNote, Publisher and Access), integrated management and customer relationship management (Dynamics 365), online file sharing and management (OneDrive), and unified and collaborative communications (Skype and Microsoft Teams);
- sale of video gaming hardware and software (7.3%) : mainly Xbox;
- enterprise services (3.6%);
- sale of computers, tablets and accessories (2.6%);
- other (15.6%).
The United States accounts for 50.4% of net sales.