Home Microsoft writes off Surface tablet inventory
 

Keywords :   


Microsoft writes off Surface tablet inventory

2013-07-19 09:15:00| Telecompaper Headlines

(Telecompaper) Microsoft reported USD 19.90 billion of revenue in its fiscal fourth quarter to the end of June, up 3 percent on the year-earlier period, with an operating income down 24 percent to USD 6.07 billion. Net income, after a USD 900 million charge related to Surface RT tablet inventory adjustments, decreased 29 percent. After the USD 0.07 per share charge, Microsoft's diluted EPS fell to USD 0.59 in the quarter. The results reflect recognition of USD 782 million of previously deferred revenue related to the company's Office upgrade offer. Microsoft said its fourth quarter results were impacted by the decline in the PC market, but strong demand persists for its enterprise and cloud offerings.

Tags: microsoft surface inventory writes

Category:Telecommunications

Latest from this category

All news

»
04.11Tropical Depression Eighteen Graphics
04.11Tropical Depression Eighteen Public Advisory Number 4A
04.11Remnants of Patty Graphics
04.11Atlantic Tropical Weather Outlook
04.11Eastern North Pacific Tropical Weather Outlook
04.11Paper Excellence Group Rebrands as Domtar
04.11Registration Open for 2025 Waterborne Symposium
04.11ROSS Ribbon Blenders Provide Safe, Efficient Bulk Blending
More »