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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

October 18, 2012 at 1:21 PM

Microsoft misses analysts’ estimates in first quarter earnings results

Microsoft did not meet analysts’ predicted estimates for its first fiscal quarter, as the company announced quarterly earnings results Thursday.

The company reported quarterly revenue of $16.01 billion, down from $17.37 billion this quarter last year.

Analysts had predicted revenue of $16.42 billion for the quarter, which ended Sept. 30 and is the first in Microsoft’s fiscal 2013.

The company also reported profits of $4.47 billion, or earnings of 53 cents per share.

Wall Street analysts had predicted earnings per share of 56 cents.

But the numbers also reflect adjustments that Microsoft took this quarter, including $1.2 billion in deferred revenue related to a Windows upgrade offer and pre-sales of Windows 8 to manufacturers, and $189 million related to an Office offer.

Accounting for the adjustments, revenue for the quarter was $17.4 billion.

Here’s how the divisions did:

* Windows: $3.24 billion revenue, down 33 percent from this quarter last year. (Taking into account the $1.2 billion adjustment, revenue was $4.44 billion, down 9 percent.)

* Business: $5.50 billion, down 2 percent. (Taking into account the $189 million adjustment, revenue was $5.7 billion, up 1 percent.)

* Server and Tools: $4.55 billion, up 8 percent.

* Entertainment and Devices: $1.95 billion, down 1 percent.

* Online Services: $697 million, up 9 percent.

Updates will be posted here.

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