Thursday, 23 April 2015

Microsoft profit slips less than projected - Houston Chronicle


Technology


By Nick Wingfield, NEW YORK TIMES


April 23, 2015







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    This Jan. 21, 2015 photo shows Microsoft CEO Satya Nadella speaking at an event demonstrating new features of its flagship operating system Windows at the company's headquarters in Redmond, Wash. Microsoft will report earnings Thursday April 23, 2015. (AP Photo/Elaine Thompson) Photo: Elaine Thompson, STF / AP











Photo: Elaine Thompson, STF



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This Jan. 21, 2015 photo shows Microsoft CEO Satya Nadella speaking at an event demonstrating new features of its flagship operating system Windows at the company’s headquarters in Redmond, Wash. Microsoft will report earnings Thursday April 23, 2015. (AP Photo/Elaine Thompson)


Photo: Elaine Thompson, STF


This Jan. 21, 2015 photo shows Microsoft CEO Satya Nadella…



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A customer shops this week in a Microsoft store in Bellevue, Wash. Microsoft has diversified greatly, but the malaise in the PC market is still a problem for it.


Photo: David Ryder


A customer shops this week in a Microsoft store in Bellevue, Wash….






SEATTLE – No one was expecting big things from Microsoft in its most recent quarter, but its results ended up being far less grim than the worst-case scenarios predicted for the company.


Microsoft said its profit fell about 12 percent while revenue rose 6 percent.


The lackluster results for the company’s fiscal third quarter, which ended March 31, stemmed from a combination of factors, including foreign currency fluctuations that crimped overseas sales and unflattering comparisons to last year’s results. Last year, Microsoft phased out technical support for its old Windows XP operating system, resulting in a temporary flurry of shopping for new software by customers.


Then there are the deeper issues with the PC market, which is suffering from a gradual multiyear descent to new sales lows. Microsoft is working on a new operating system, Windows 10, expected out later this year, that could give PC sales a lift.


It also dreams that Windows 10 will improve its fortunes in the high-growth smartphone business and promising new markets like augmented-reality headsets. CEO Satya Nadella has been investing in new services and redesigning Microsoft’s most popular programs for smartphones and other mobile gadgets.



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    Microsoft profit slips less than projected - Houston Chronicle
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