Microsoft Corporation (NASDAQ: MSFT) posted a drop of 22% in its quarterly profits, after adding some revenues in upcoming releases latest version of Office and Windows 8 operating system.
For the quarter net profit dropped $4.47 billion from $5.74 billion a year ago and missed outlooks. Company’s total revenue dropped up to 8% to $16 billion. During after hours of trading Microsoft’s shares plunged 3%.
Sales of PC dropped as consumers putt off new purchases due to tight economy or pick tablet devices instead of PC.
Microsoft Corporation (NASDAQ:MSFT) traded with volume of 59.23 million shares in last session which was unexpectedly higher versus average trading capacity of 46.14 million shares. The stock traded with opening bell at $29.65, gained the maximum price level of $29.73 and then finished the day at $29.50 by scoring -0.32%.
MSFT remained successful in generating revenue of $73.72 billion in the trailing twelve months and made net income of $16.98 billion. The Company maintained a positive 23.03% for the net profit margin and in its operating margin it scored 29.52%. Company’s yearly revenue change for the last five years was 7.60%.
The MSFT’s price to sales ratio is 3.37and price to cash ratio is 3.95 for the past 12 months. As far as the returns from the company is concerned, return on assets remained as +14.77%.
The stock showed upbeat performance of 1.90% for the week which was maintained for the month at -4.998%. Likewise the negative performance for the trailing 3 months was recorded as -1.40% and in last year was 11.74% while the performance so far in current year remains at +15.91%.
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