Microsoft announced its financial results for the second quarter of the year, revealing revenues of $19.90 billion and a net income of $4.97 billion. Deep down, however, the numbers paint a very interesting picture.
The technology titan shared the financial results in a press release, with the company’s chief financial officer, Amy Hood as saying:
“We continue to see strong demand for our enterprise and cloud offerings, resulting in a record unearned revenue balance this quarter. We also saw increasing consumer demand for services like Office 365, Outlook.com, Skype, and Xbox LIVE.”
Despite the decline of the PC market, and faltering sales of hardware, the Windows division has performed reasonably well — an increase of 6 percent compared to Q2 2012, with revenues reaching $4.411 billion.
Next up is the Business unit, which grew by 14 percent to end up with revenues of $7.213 billion. The Server and Tools division also saw a 9 percent increase to $5.502 billion.
The Entertainment and Devices Division managed an increase on its Q2 2012 figures by 8 percent, and reached revenues of $1.915 billion.
Another Microsoft unit that has been in the spotlight recently, the Online Services Division also posted encouraging numbers. It reported revenues of $804 million, which makes them up 9 percent from the same period in 2012.
The numbers above include a one-time charge of $900 million due to Surface RT inventory adjustments.
These results are, obviously, based upon how Microsoft’s business divisions were set up before the massive new reorganization plan that CEO Steve Ballmer put into place earlier this month. Redmond will hold a financial conference call at 5:30 PM Eastern Time later today to discuss this and more.