Microsoft, the world’s largest software maker reported record results for its third quarter, with sales rising 6 percent to $14.50 billion. But Microsoft’s numbers left investors wanting more. Shares of Microsoft promptly fell about 4.5 percent to $29.98 in after-hours trading on Thursday, after the release of third-quarter figures.
Its net income rose 35 percent, to $4.01 billion or 45 cents a share, from $2.98 billion, or 33 cents, in the period a year ago. Analysts polled by Thomson Reuters expected Microsoft to earn 42 cents a share.
Executives at Microsoft pointed to Windows as the main driver of revenue during the quarter, as sales of the software rose to $4.42 billion, from $3.45 billion in the same period last year.
According to Microsoft’s estimates, the PC market grew 25 percent during the last quarter, with the consumer segment rising 30 percent and business market rising 14 percent. The strength of the sales to businesses was a real highlight for Microsoft, because many companies have resisted buying new PCs.