Microsoft beats expectations

Posted on Thursday, January 24 2008 @ 22:43 CET by Thomas De Maesschalck

Microsoft beats expectations with strong financial results driven by sales of its Windows and Office software.

The software giant reported a second financial quarter revenue of $16.37 billion, 30 percent more than a year ago. Profits increased from $2.6 billion a year ago to $4.7 billion, which equals 50 cents per share.

Wall Street analysts had forecast a revenue of $15.94 billion and earnings of 46 cents per share. Microsoft says sales of Windows Vista grew by a double-digit percentage in the holiday season.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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