Microsoft (Photo : Reuters)
Microsoft Corporation released its last quarterly earnings for the year 2014 on Jan. 26, Monday and it showed that despite the company's latest strategies its sales out is still lagging behind.
Microsoft declared overall revenue of $26.5 billion for the last quarter of 2014, according to Microsoft. Gross margin is at $16.3 billion. Operating income amounted to $7.8 and Diluted Earnings per Share is at 71 cents per share.
Microsoft's earnings saw a minor deterioration to its profit per share compared to its 2013 third quarter report. The company closed 2013 at 78 cents per share, however this year the company's per share profit decreased to 71 cents.
Despite the decline in profit the company still met the expected financial analysis of Bloomberg, according to Seattle Times.
Microsoft CEO Satya Nadella said, "Microsoft is continuing to transform, executing against our strategic priorities and extending our cloud leadership. We are taking bold steps forward across our business, and specifically with Windows 10, to deliver new experiences, new categories, and new opportunities to our customers."
Microsoft's Commercial revenue also increased to $13.3 billion. Based on its latest report, Microsoft's web-based software and services including its cloud-computing products increased by 114 percent compared to the previous year and is projected to bring in at least $5.5 billion profit annually.
Microsoft's Device and Consumer revenue increased to $12.9 billion with highlights coming from its Surface Pro 3 tablet which saw a revenue increase of 24 percent. Sales for its Xbox console totaled to 6.6 million units.
It is also important to note that Microsoft sacked 18,000 of its employees in July 2014. Additionally, income tax issues being investigated by the Internal Revenue Service has caused the company's profit to decrease by as much as 6 cents per share.
