Microsoft net income up 60 percent in fiscal Q2

Posted on Friday, January 29 2010 @ 0:08 CET by Thomas De Maesschalck
Microsoft announced big gains in its fiscal second quarter, the company recorded net income of $6.66 billion, or 74 cents per share, on a revenue of $19.02 billion, for the period ended in December. Revenue is up 14 percent while earnings soared 60 percent, significantly beating analyst expectations of earnings per share of 59 cents on sales of $17.9 billion. Microsoft's shares are up 0.69 percent in after-hours trading.
Analysts had expected Microsoft to post second-quarter earnings of 59 cents a share, and $17.9 billion in revenue, according to Thomson Reuters data. Microsoft's results included $1.7 billion in revenue deferred from prior quarters, related to pre-sales and a marketing program for Windows 7.

"Exceptional demand for Windows 7 led to the positive top-line growth for the company," Microsoft Chief Financial Officer Peter Klein said in a prepared statement.
More info at MarketWatch.

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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