Seeking Alpha

More on Microsoft's FQ3: GAAP EPS beat estimates, revenue missed slightly. Windows division...

More on Microsoft's FQ3: GAAP EPS beat estimates, revenue missed slightly. Windows division revenue flat Y/Y adjusted for Windows 8 pre-sales, +23% otherwise (was +11% and +24% in FQ2). Office division revenue +5% adjusted for Office 2013 pre-sales, +8% otherwise (+3% and -10% prior). Server & Tools +11% (+9% prior), 26% of op. profit. Online Services +18%, division loss down to $262M.  Entertainment & Devices (Xbox, Skype, mobile) +33% adjusted. FY13 opex guidance lowered to $30.2B-$30.5B from $30.3B-$30.9B. Preliminary FY14 opex guidance of $31.6B-$32.2B. MSFT +1.9% AH. CC at 5:30PM ET (webcast). (PR)
Comments (13)
  • Microsoft Posts Strong Earnings!


    Kudos to Steve Balmer and his management team! Earnings rose 19%! This is what great companies do in tough environments.
    18 Apr 2013, 05:34 PM Reply Like
  • ARG1


    EITHER you work for MSFT or you missed two accounting game moves.
    adjusted for pre-sales better known as b s.


    did you notice the line nice touch
    revenue missed slightly.
    18 Apr 2013, 11:13 PM Reply Like
  • not so negative NYCTEXBANKER , their numbers weren't great and they did a bit of forward intake, that's somewhat creative bookkeeping, but let's be honest , the market was expecting all doom and gloom and they did far better than that, i actually think they did bloody well under the circumstances and i do think they are getting their act together, this is still a phenomenal money machine and for the 1st time i give some credit to the guy at the helm, i think we are in for some great times at MSFT, they will buy Nokia, after the Finns cleaned their balance sheet and shorted out their JV with Siemens , MSFT will make it work.
    Bullish looking for 32,50 $ and then 35/37$ in 18 months.
    of all the tech stocks actually MSFT and INTEL are at present values by far the best buy on the Board, in my opinion.
    19 Apr 2013, 02:25 AM Reply Like


    I sorry but S B has been around to long. He has wasted resources
    by not tightening up on some of the programming. Skye so far is not producing. Arg 1 acts like the Q report is good. if you use the cost of funds method most shareholders are and will be underwater even if it hit 37 in 18 months.
    19 Apr 2013, 08:36 AM Reply Like
  • i am not disagreeing with you on SB , he shud have been replaced long time ago, but he won't move and as long as BG is still seeing him as his protégée , he won't go - but that being said, MSFT is going to do what it should have been doing already ages ago, it finally has to make some decisions how to take the company going forward, they are no longer master of the Universe, GooGle is some serious competition and i think they are finally realizing it, so it's happening, i want to be in when it's starting to buzz and to me 27/28 $ is a good price to participate.
    Long MSFT - if you want to stay short MSFT at least consider buying some out of the money call option protection, i really feel very strong that if the Trade and large Specs take an interest, the share price will move up considerably, it's been such a non-event for so long, that when it goes it will gallop all the way to 37 $
    19 Apr 2013, 08:49 AM Reply Like
  • wiesje


    I'm long the stock and short calls. I just rolled apr to jun on apr 17


    I've been short calling for income for 10 years. As its in a roth it's all tax free


    I hear they are retooling window 8 to bring back the start button
    if true every cent spent should come out of S B pay
    19 Apr 2013, 11:15 AM Reply Like
  • you must be collecting a lot of time value premium April 2017, as long as you stay Long the stock, you collect dividend, you make on the share price improvement and you collect premium for the option, sounds like a clever play, as long as the calls you granted are well out of the money - i am just so bullish on MSFT, that one shud not listen to me, but i really feel the stock is going up big time, so i wud not short anything, i am 100% long stock and i intend to add if it can hold above 30 $ for a few days, the Trade will come in and take this stock.
    Good luck with yr strategy.
    19 Apr 2013, 11:28 AM Reply Like
  • weisje


    thanks for the kind words.
    I have 8 securities that are in the money this weekend and will make between 8-12% on the security alone. premiums and dividends are icing on the cake.
    19 Apr 2013, 12:54 PM Reply Like
  • Time to review position but looks a bit better than last Q.
    18 Apr 2013, 05:50 PM Reply Like
  • Laughing all the way to the bank.
    18 Apr 2013, 07:31 PM Reply Like
  • yes, until the bank holiday is called
    18 Apr 2013, 11:15 PM Reply Like
  • Encouraging; now to figure the future of the Surface Pro before the next Christmas buying season. We need some strategic guidance from MSFT on how it bridges from the old desktop environment to future cloud-capable, secure, enterprise systems, looking ahead for 5-7 years. There is an opportunity to skip the personal pad experience completely and leave the iPads and iPhones to the enthusiasts of uncontrolled, insecure "social networking" and its many (?) unknown consequences.
    19 Apr 2013, 03:56 AM Reply Like
  • Isn't Surface Microsoft's solution for transition from PC to tablet?
    19 Apr 2013, 04:37 AM Reply Like
DJIA (DIA) S&P 500 (SPY)