Q3 2012 IT Market Earnings Roundup
By Emily Poe
The third quarter of 2012 saw mixed results for the leading IT companies. Microsoft (NASDAQ: MSFT) saw an 8 percent loss in revenue compared to the year ago quarter, and while companies like Google (NASDAQ: GOOG) and Apple (NASDAQ: AAPL) saw increases in revenue this quarter, they also missed some analysts' expectations.
Google's third quarter financial results were dragged down by Motorola Mobility, the mobile device sector of the company. This was the first quarter in which Motorola's revenues were included in its parent company's financial results. However, Google held fairly steady despite Motorola's numbers and reported third quarter revenues of $14.1 billion, up 45 percent from last year.
Although Microsoft saw a dip in revenue in the first quarter of fiscal year 2013, during the conference call to discuss its quarterly earnings, it did offer some positive news about its PC systems. The company noted that it has over 1,000 unique PC systems in the pipeline. Additionally, Microsoft cautioned that it saw a slowdown in PC revenue last quarter as customers waited for the release of the new Windows 8 operating system, which arrived last week.
Apple reported a $36 billion quarterly revenue for it's fourth fiscal quarter, compared to a $28.3 billion revenue in the year ago quarter. Apple's fiscal year also begins earlier than that of other companies.