Microsoft Reports 19% Rise in Profit

By NICK WINGFIELD
Published: April 18, 2013

Despite a sharp slump in global sales of personal computers, Microsoft said on Thursday that its third-quarter profit rose 19 percent, driven by rising sales from its Windows and Office software products.

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The company, based in Redmond, Wash., also disclosed that Peter Klein, its chief financial officer, will leave the company later this year after nearly four years of running the company’s finance department. Mr. Klein’s departure was unexpected, and Microsoft said it would name a new C.F.O. from its finance team within the next several weeks.
The company’s revenue and profit figures exceeded Wall Street estimates. For its fiscal third quarter, which ended March 31, the company reported net income of $6.06 billion, or 72 cents a share, up from $5.11 billion, or 60 cents a share in the same period a year ago.
Revenue rose 18 percent to $20.49 billion from $17.41 billion.
While revenue came in slightly below analysts’ expectations of $20.56 billion, the company beat forecasts of 68 cents a share, according to an average estimate compiled by Thomson Reuters.
Microsoft said revenue from its Windows division rose 23 percent to $5.7 billion from $4.63 billion a year earlier. The increase included the delayed recognition of revenue from an upgrade offer that allowed Microsoft customers last year to receive the latest Windows operating system, Windows 8, after it was released last fall.
Without that deferred revenue, sales in Microsoft’s Windows division were flat, the company said.
　
　
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