Microsoft, the world-famous tech giant from the USA, reported about its financial performance in the forth quarter of 2014, which ended on December 31st. According, to the Hi-Tech Department of Masterforex-V Academy, the corporation’s net profits seen over the period of October through December reached $5,9 billion. For the same of comparison, the same figures seen 12 months before indicated $6,6 billion. With that said, this was a 10% decline in Microsoft’s quarterly net profits.
At the same time, Market Leader reports that the corporation’s proceeds increased by 8% up to $26,5 billion over the same reporting period. This is $0,71 per share. At the same time, the operating profits reached the level of $7.7 billion against $7,9 billion seen a year ago.
It should be noted that analysts predicted lower performance, especially when it comes to the net profit generated by the department of consumer devices. However, Microsoft managed to sell and ship 10,5 million copies of the smartphones belonging to the Lumia series, which resulted in the proceeds of $2,3 billion. For the same of comparison, the corporation sold 9,3 million over the previous reporting period.
At the same time, Microsoft sold a lot of Surface tablets, which resulted in making 1,1 billion in proceeds. This is a 24% increase as compared to the proviso reporting period. The sales of Surface Pro 3 turned out to be the bestseller.
This year, experts predict even higher proceeds and net profit since Windows is planning to release Windows 10 and power some new devices with it.
As for the corporation’s stock, it is currently going down in value despite the positive performance Still, the decline was a minor one, just 0,36%. It is currently trading around $47 per share. This is confirmed by the chart below, courtesy of Masterforex-V Academy.
