REDMOND, Wash.--Citing a pickup in business spending, Microsoft today reported quarterly earnings and revenue that topped what many had been expecting.
For the three months ended Sept. 30, Microsoft said it earned $5.41 billion in net income, or 62 cents per share, on revenue of $16.2 billion. Sales were up 25 percent from a year earlier, although the prior year results included the effects of a deferral of revenue ahead of the release of Windows 7. Without that, sales were up 13 percent and net income rose 16 percent.
"This was an exceptional quarter combining solid enterprise growth and continue strong consumer demand for Office 2010, Windows 7 and Xbox 360," CFO Peter Klein said in a statement. … Read more