Friday, October 24, 2008

Microsoft’s Profit Rises, but Outlook Is Cautious -

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Microsoft’s overall performance held up well, a bit better than expected, said Charles Di Bona, an analyst for Sanford C. Bernstein. Microsoft’s revenue in its first quarter, ended Sept. 30, rose 9 percent to nearly $15.1 billion from $13.8 billion a year ago. Net income increased 2 percent to $4.37 billion, or 48 cents a share, from $4.29 billion, or 45 cents a share, in the year-ago quarter. The consensus among Wall Street analysts was revenue of $14.8 billion and net income per share of 47 cents.

Microsoft delivered healthy growth of 20 percent in sales of business software, which includes its Office desktop productivity, collaboration and online meeting programs. Indeed, the business software group surpassed the Windows desktop operating systems unit in both sales and operating profits.

Microsoft’s Profit Rises, but Outlook Is Cautious -

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