Friday, January 25, 2008
Microsoft earns record revenue in 2nd-quarter
Microsoft Annouces its fiscal second-quarter profit climbed 79 percent, buoyed by rising sales of Windows-based personal computers.
For the quarter ended Dec. 31, profit increased to $4.71 billion, or 50 cents per share, from $2.63 billion, or 26 cents per share in the same period last year.
Results topped Wall Street's expectations. Analysts polled by Thomson Financial forecast a profit of 46 cents per share.
Revenue rose 31 percent to $16.37 billion from $12.5 billion in the year-ago quarter, ahead of analysts' prediction of $15.95 billion in sales.
The quarter was particularly strong when compared with a year ago, when Microsoft deferred more than $1 billion in revenue due to delays in getting Windows Vista, its newest operating system, to consumers.
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