Microsoft's Management Discusses F1Q13 Results - Earnings Call Transcript
Peter Klein
Thanks Bill, and thanks everyone for joining us. Our first quarter revenue was flat year-over-year at $17.4 billion reflecting solid growth in multi year licensing but a slowdown in transaction of revenue. Our transaction revenue which includes our OEM business was impacted by a challenging PC market, normal purchasing slowdowns in advance of upcoming product launched and tough economic conditions, particularly in Europe. This impact was offset by growth in multi year licensing revenue which benefited from healthy renewals of enterprise agreement as customers continue to make long-term commitment to the Microsoft platform. read more »
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