Microsoft Profit falls

January 27, 2015 15:26
Microsoft Profit falls

Technology titan, Microsoft reported a profit of $5.86 billion for the latest quarter ending December 31, compared with $6.56 billion in the year-ago quarter. But Microsoft announced a revenue of USD 26.5 billion for the same quarter with increase of cloud and device sales. Overall the company saw a 13 percent decrease in revenue for Windows and it has high expectations on the recently launched Windows 10.

The sales of devices is encouraging. The sales of Surface tablet and accessories saw a rise of 24% to $1.1 billion in the quarter while Microsoft's Bing search market grew to 20%. Thanks to the strong holiday season, the Xbox video game consoles sales climbed to 6.6 million units but all these weren't enough to keep the shares of Microsoft from declining.

In after-hour trading, shares of Microsoft fell by nearly 3 per cent to $45.63 . Microsoft struggled with sluggish personal computer sales demand and also with strong US dollar.


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