AMD trims its losses and Microsoft shores up its gains
Advanced Micro Devices, Inc. (AMD) announced its earnings report late yesterday, as did the world's largest operating system maker, Microsoft Corp. (MSFT).
I. Microsoft Gets Boost From Deferred Revenue
Both companies beat analyst estimates.
Despite slowing PC sales and criticisms about its design direction with Windows 8, Microsoft drew revenue of $20.5B USD in its fiscal third quarter -- up from $17.4B USD in 2012's fiscal Q3. Windows revenue was essentially flat, but was up 23 percent with the inclusion of deferred Windows 8 upgrade income.
Microsoft made $6.06B USD in profit. While the revenue was roughly in line with a Financial Times survey of 23 analysts, the profit was a bit of a surprise: the surveyed analysts only expected $5.7B USD in profit.
http://www.dailytech.com/AMD+Microsoft+Beat+Analyst+Estimates+Despite+Struggles/article30384.htm
Advanced Micro Devices, Inc. (AMD) announced its earnings report late yesterday, as did the world's largest operating system maker, Microsoft Corp. (MSFT).
I. Microsoft Gets Boost From Deferred Revenue
Both companies beat analyst estimates.
Despite slowing PC sales and criticisms about its design direction with Windows 8, Microsoft drew revenue of $20.5B USD in its fiscal third quarter -- up from $17.4B USD in 2012's fiscal Q3. Windows revenue was essentially flat, but was up 23 percent with the inclusion of deferred Windows 8 upgrade income.
Microsoft made $6.06B USD in profit. While the revenue was roughly in line with a Financial Times survey of 23 analysts, the profit was a bit of a surprise: the surveyed analysts only expected $5.7B USD in profit.
http://www.dailytech.com/AMD+Microsoft+Beat+Analyst+Estimates+Despite+Struggles/article30384.htm
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