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Microsoft Earnings Decline 11%; Forecast Is Tempered

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Lucros da Microsoft superam estimativas dos analistas

por pvk » 25/4/2008 0:11

Lucros da Microsoft superam estimativas dos analistas
A Microsoft, maior fabricante mundial de software, apresentou lucros superiores às estimativas dos analistas para o seu terceiro trimestre fiscal e previu vendas mais elevadas do que o esperado para o próximo exercício, uma vez que a procura de computadores continua forte, apesar do abrandamento económico nos Estados Unidos.
Carla Pedro
cpedro@mediafin.pt


A Microsoft, maior fabricante mundial de software, apresentou lucros superiores às estimativas dos analistas para o seu terceiro trimestre fiscal e previu vendas mais elevadas do que o esperado para o próximo exercício, uma vez que a procura de computadores continua forte, apesar do abrandamento económico nos Estados Unidos.

O resultado líquido da empresa desceu para 4,39 mil milhões de dólares, ou 47 cêntimos por acção, contra 4,93 mil milhões (50 cêntimos) um ano antes, salienta o comunicado da Microsoft.

O volume de negócios pouco variou, fixando-se nos 14,5 mil milhões de dólares, valor que era esperado pelos analistas inquiridos pela Bloomberg.

A Microsoft, cujo programa Windows alimenta mais de 90% dos computadores pessoais em todo o mundo, bateu as estimativas dos analistas pelo terceiro trimestre consecutivo, impulsionada pelas vendas de PC.

"O sector do software está a sair-se muito bem", comentou à Bloomberg um analista da Benchmark, Brent Williams. "A procura de PC está a ser um pouco superior às expectativas", acrescentou.

Os analistas previam, em média, lucros de 44,5 cêntimos por acção no terceiro trimestre. Os lucros e vendas de há um ano foram ajudados pelas encomendas, no valor de 1,67 mil milhões de dólares, de software Windows e Office.

A Microsoft referiu ainda que o volume de negócios do próximo ano fiscal, que começa em Julho, deverá subir para 66,9 a 68 mil milhões de dólares, contra a média de 66,6 mil milhões estimados pelos analistas. Os lucros deverão aumentar para 2,13 a 2,19 dólares por acção, quando os analistas prevêm 2,1 dólares.
 
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Microsoft Earnings Decline 11%; Forecast Is Tempered

por pvk » 25/4/2008 0:11

Microsoft Earnings Decline 11%; Forecast Is Tempered (Update3)

By Amy Thomson

April 24 (Bloomberg) -- Microsoft Corp. said profit declined 11 percent and gave a measured forecast for this quarter as sales of Windows software fell short, sparking concern about a slowdown in technology purchases and sending the shares down 4.4 percent.

Third-quarter net income fell to $4.39 billion, or 47 cents a share, from $4.93 billion, or 50 cents, a year ago. Revenue was little changed at $14.5 billion, matching analysts' estimates and disappointing investors looking for more after industry reports showed better-than-expected demand for personal computers.

The world's biggest software maker said sales of Windows for PCs sank 24 percent and revenue from its online advertising unit came in at the low end of its projections. Microsoft's report contrasted with positive comments from chipmaker Intel Corp. and computer company International Business Machines Corp.

``People were expecting more of a blowout,'' said Brendan Barnicle, an analyst at Pacific Crest Securities in Portland, Oregon. ``It's a decent quarter. It's not a great quarter by any means, and people were expecting a great quarter.''

Earnings in the quarter, which included costs of 15 cents a share for a European Commission fine, beat the 44.5-cent average of analysts' estimates. Profit and sales a year ago were helped by $1.67 billion in Windows and Office software orders held over from the previous quarter for accounting reasons.

For this quarter, Microsoft said profit will be 45 cents to 48 cents on sales of $15.5 billion to $15.8 billion. That compares with analyst estimates of 48 cents and $15.5 billion.

Microsoft declined $1.41 to $30.39 in extended trading after closing at $31.80 at 4 p.m. New York time on the Nasdaq Stock Market. The stock has fallen 11 percent this year.

Windows Concerns

The results stoked concern that corporations are tightening their belts as the U.S. economy cools, even after a report from researcher IDC showed PC sales exceeded forecasts in the quarter. PC shipments rose 15 percent, Framingham, Massachusetts-based IDC said this month. Microsoft had forecast as much as 11 percent.

Windows sales fell to $4.03 billion in the quarter. UBS AG's Heather Bellini, the top-ranked software analyst by Institutional Investor, predicted $4.3 billion. Sales of Office word-processing and spreadsheet applications trailed forecasts slightly as well.

Chief Executive Officer Steve Ballmer has sought to bolster sales by selling more higher-priced versions of Windows, the operating system that runs more than 90 percent of the world's PCs. Those gains were limited last quarter.

More Windows sales came from emerging markets, where prices are typically cheaper, Chief Financial Officer Chris Liddell said in an interview.

``That means that we are seeing revenue growth relative to unit growth isn't as strong,'' he said. The company expects PC growth of as much as 13 percent for fiscal 2008.

Online Business

Microsoft said total sales in the year that starts in July will rise to between $66.9 billion and $68 billion, beating the $66.6 billion average of estimates in a Bloomberg survey. Profit will increase to between $2.13 and $2.19 a share, topping an estimate of $2.11.

In the online business, where Ballmer is seeking to build sales by bidding for No. 2 search engine Yahoo! Inc., the loss widened to $228 million. Sales rose 40 percent to $843 million. Microsoft had forecast 40 percent to 45 percent growth. Google Inc.'s revenue climbed 46 percent in the period, to $3.7 billion.

Yahoo CEO Jerry Yang dodged Microsoft's advances, rejecting the $31-a-share bid and approaching rivals such as Time Warner Inc.'s AOL. Ballmer may begin a proxy contest to oust Sunnyvale, California-based Yahoo's board as soon as this weekend.

The acquisition, which would be the largest in Microsoft's history, may help the software maker take a bigger chunk of the $41 billion market for Internet ads away from Google.

Xbox Growth

One bright spot in the quarter came from the Xbox video-game unit, where sales growth was almost double some forecasts. The business posted its third straight quarterly profit and revenue rose 68 percent to $1.58 billion. Microsoft predicted growth of 25 percent to 35 percent.

Ballmer has lined up exclusive titles such as ``Halo 3'' and ``Mass Effect'' to win users from Nintendo Co.'s Wii system and achieve the first annual profit in the Xbox unit.

It was ``an outstanding Xbox quarter,'' said Canaccord Adams Inc. analyst Peter Misek in Toronto. ``It's just amazing that a company this size is being driven by video games.''

To contact the reporter on this story: Amy Thomson in New York at athomson6@bloomberg.net
Last Updated: April 24, 2008 18:18 EDT
 
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