Yesterday Microsoft released its fiscal 2013 first quarter earnings. For those that don’t know, Microsoft has its financial calendar start mid-year so don’t get too confused, it is still 2012- no time warp here. The news wasn’t exactly optimistic as it turns out. The company posted revenues of $16.01 billion and earnings per share of $0.53. This is down from $18.6 billion from the Q4 2012 results.
While they didn’t do as well as they might have hoped, the next quarter is one that they have much bigger hopes for. Windows 8 is almost here and will turn the world of tablets and PCs upside down. The tight touch integration is new and very different, but ultimately it refreshes the industry in a very real way.
We’ve already seen Microsoft Surface preorders go wild on the net, as indicated by the push back on release date for the entry Surface model. It is clear that the future of Microsoft lays in Windows 8 and Windows Phone 8. Going further into 2013 and 2014, the next Xbox will also likely surface and drive even more profit for the company.
This year Microsoft’s stock is already up 13%, and we haven’t even hit the Surface (pun intended) with the launch of Microsoft’s tablet and Windows Phone 8 initiatives. Even with a negative fiscal reporting, there isn’t much to worry about for Redmond. They have many great new products coming and plenty of momentum to go along with it.
This Holiday season is going to be very interesting, that much is certain. For the full reporting on all the details for the 1st quarter of 2013, hit up our source for Microsoft’s official release.
Correction: This article initially had a title insinuating Microsoft had a loss for this quarter. It was inaccurate and for that we apologize.[Ed]