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Microsoft net income up 60 percent in fiscal Q2

Posted on Friday, January 29 2010 @ 00:08:31 CET by

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.



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