Microsoft (NSDQ: MSFT) said revenue for the three months ending March 31st came in at $14.45 billion just 0.3 percent above last year’s $14.40 billion, which was affected by . Operating income for the quarter was down 33.1 percent to $4.41 billion (per share $0.47), as the company posted $6.59 billion in same period the year before. Operating income and earnings per share results included a charge of $1.42 billion ($0.15 per share) for the European Commission fine. Income taxes were reduced by $0.15 per share for the resolution of a tax audit.
The Redmond-based software company also said that Q1 net income fell 11 percent to $4.38 billion from last year’s $4.92 billion.
— Online services: Revenues were up nearly 40 percent for this segment, rising to $843 million in Q1 from $603 million last year. In a separate 10-K filing, noted that in addition to its $5.9 billion acquisition of interactive ad company aQuantive – the company recorded $5.2 billion of goodwill in its Online Services business as a result – Microsoft also said it bought 14 other companies for a “total consideration” of $520 million, which was paid primarily in cash.
— Entertainment and devices: Revenue in this area grew 68 percent over Q107, as Microsoft cited demand for Xbox 360 consoles. Cumulative console sales exceeded 19 million during the quarter, a 74 percent gain from a year ago.
— Outlook: Looking ahead to the next quarters, Microsoft expects revenue be up, somewhere between $15.5 billion to $15.8 billion. It forecast Q2 operating income to range from $5.8 billion to $6.2 billion.
Shares have fallen nearly 5 percent after hours.