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Looks like everything is pretty much in line. Revenue was a touch light, but nothing to lose your mind over.
The stock is down ever so slightly after hours.
Here are the two big numbers:
- Revenue: $21.46 billion vs. $21.53 billion expected
- EPS: $0.76 vs. $0.75 expected
The Windows division posted adjusted non-GAAP revenue of $5.3 billion, which is an 11% increase on a year over year basis. Considering the entire consumer PC industry contracted during the quarter, 11% growth is pretty good.
On a call with Microsoft's IR manager, he explained the sales as such:
1. Channel dynamics, devices in the market
2. Surface sales
3. Retail sales quite good
4. Volume licenses
The Business division, which is home to Office had pretty tepid growth. Only 3% on a year over year basis as measured by non-GAAP. Recently, Office has been the engine for Microsoft. (Microsoft says it's pleased with the Business division and bookings are up double digits.)
Here's a look at each division's income and revenue:
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