Microsoft has reported a 22% fall in quarterly profits, after deferring some revenue ahead of the upcoming releases of its Windows 8 operating system and its latest version of Office. Net profit for the three months to September fell to $4.47bn (£2.79bn), from $5.74bn a year earlier, and missed expectations. Total revenues fell 8% to $16bn. PC sales fell as consumers either put off new purchases in a tight economy or opted for tablet devices instead. Microsoft deferred a total of $1.36bn of revue, which it will regain in the following quarter. This included $783m in licence fees for PCs pre-loaded with Windows 8, because it cannot recognise the revenue until the units go on sale on 26 October. It also deferred $384m for PCs that shipped with Windows 7 but are eligible for a $15 upgrade to Windows 8, and $189m for PCs that shipped with the new version of Office or are eligible for an upgrade. Microsoft shares fell 3% in extended trading.
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Windows 8 skews Microsoft results
Saturday, October 20, 2012
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