Mixed results for Microsoft as PC market shrinks, cloud grows

Microsoft reported just under 5 billion dollars in net income for the second quarter Thursday, in results dragged down by a shrinking PC market but mitigated by growth in cloud-based services.

Income for the period ending December 31 fell 15 per cent year on-year from 5.86 billion in the fourth quarter of 2014. Still, the results beat expectations amid attempts to restructure the personal computing pioneer to compete in a newly cloud-based world.

Revenue in Microsoft's forward-looking cloud businesses increased 5 per cent to 6.34 billion dollars as its customer base expanded.

But sales fell 5 per cent in the company's personal computing sector, which includes XBox games and Windows operating systems, and 2 per cent in its Productivity sector including Office software products.

Nearly 90 per cent of all PC users use some form of Windows, according to a December 2015 survey. But PC sales in 2015 fell to their lowest level in nearly a decade as consumers switched to smartphones and tablets.

Last update: Tue, 28/06/2016 - 17:25
Author: 

More from Science & Tech

Lost Russian space freighter sought in Siberia, near Mongolian border

Search teams on Friday were looking for a missing Russian space freighter believed to have crashed in southern...

Reddit to crack down on "toxic" Trump users

US-based news sharing and discussion website Reddit will take action against "toxic users," in particular some of...

Facebook accidentally deletes some of founder Zuckerberg's posts

The social media website Facebook accidentally deleted posts by its founder Mark Zuckerberg on Tuesday, including...

LinkedIn to create 200 new jobs in the Republic of Ireland

Professional networking website LinkedIn will create 200 new jobs at its regional headquarters in Dublin, the...

Scientists confirm largest coral die-off on Great Barrier Reef

Australia’s Great Barrier Reef has had the worst coral die-off since measurements began as a result of ocean warming...