For fiscal Q3, ended March 31, Microsoft revenue was $17.41 billion, up 6 percent year over year. Operating income: $6.37 billion, a 12 percent increase. Net income was $5.11 billion, or 60 cents a share -- that's down from $5.23 billion and 61 cents a share a year earlier. However, in the year-ago quarter, Microsoft received a settlement from the IRS that boosted EPS by 5 cents. Removing this one-time event, EPS rose by 7 percent. Average analyst consensus was $17.18 billion revenue and 58 cents earnings per share, for the quarter. Revenue estimates ranged from $16.61 billion to $17.46 billion, with estimated year-over-year growth of 4.6 percent. By both measures, Microsoft beat the Street. Q3 2012 Revenue by Division Q3 2012 Income by Division Whither Windows Laggard PC shipments weighed on Microsoft, which isn't surprising given the continued distraction smartphones and tablets cause consumers -- and that includes those bringing personal devices to work.