Friday, October 29, 2010

Microsoft's Record Earnings Beat Wall Street Expectations | John Paczkowski | Digital Daily | AllThingsD

Definitely #notdeadyet

Microsoft reported earnings for the first quarter of the company’s fiscal 2011 this afternoon, and they were record-breaking despite the pessimism of analysts who have been downgrading its stock lately.

Earnings per share were 62 cents on revenue of $16.2 billion, better than the 55 cents per share on $15.8 billion in revenue that analysts had been expecting. Net income spiked from $3.57 billion in the same quarter a year ago to $5.41 billion in the current one, bolstered by strong sales of Windows 7 and Office 2010. And pretty much all of the company’s divisions showed significant growth.

Microsoft's Record Earnings Beat Wall Street Expectations | John Paczkowski | Digital Daily | AllThingsD

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