Microsoft’s profit slightly declined in the first three months of this year, to 5.1 billion dollars, exceeding the estimated analyzes, and the revenue rose 6% to $ 17.4 billion due to higher than expected PC market performance.
The American company that produces the Windows operating system had, in the corresponding period last year, a net profit of $ 5.2 billion and sales of $ 16.4 billion. The company’s profit surpassed analysts’, because sales of personal computers, which have held up better than expected in the so called tablet assault.
In the first nine months of the fiscal year 2011-2012 ended on 31st March, Microsoft had revenues of $ 55.6 billion, up 6%, and a profit of $ 17.4 billion, from $ 17.2 billion in the corresponding period of previous reporting period.
Microsoft prepares for this year a tablet version of Windows and hope it will succeed, in 2012, to diminish the market dominance of Apple and Google smartphones and tablets. Microsoft has not announced when Windows 8 will be released, the next version of the popular operating system, but most industry experts expect the appearance of the product on the market close to October. Windows 8 will open a new niche on the tablet market may be a serious competitor for Apple’s iPad.
In the same period the market also expects a new version of Windows Phone smartphones.
Microsoft shares rose 2.5% in New York in electronic trading session on Thursday evening, reaching a maximum in four years and its rising by 20% from the beginning of this year. However, Microsoft shares are still traded under the 10 years quotations, mainly because of the perception that Microsoft does not bring enough innovation to be able to fight with Apple and Google.
The rise in profit is due to the launch of the new Windows operating system, and needless to say that the expectations are very high and Microsoft is obligated to raise the bar, or else it will lose even more ground in front of the technology giants. In conclusion, reflecting on the analyses starting at the beginning of this year, it seems that Microsoft is finally rising to the task and experts say that the giant’s profit will go one way, and that is up.