Microsoft’s reported sales down over five per cent compared to the same period last year. The software giant’s revenue was down to $22.18bn, roughly in line with analysts’ forecasts.
At $0.62, the company’s earnings per share were slightly higher than analysts’ expectations of $0.58.
Revenue from cloud-based computing was up 88 per cent over the year.
Why it's interesting
Investors are holding their breath ahead of Microsoft's Windows launch, with sales of the operating system Windows flatlining as customers hold out for the release of Windows 10, expected before the end of July.
Under chief executive Satya Nadella, Microsoft has been shifting focus toward cloud computing, but despite strong growth in this are, it seems the real uptick in revenue has yet to come.
What they said
Chief executive Satya Nadella said:
The upcoming release of Windows 10 will create new opportunities for Microsoft and our ecosystem.
Investors hopeful that the upcoming Windows launch will reverse dropping sales of the software giant's operating system will have to wait patiently until the next quarter.