Sales of PC's Buoy Results at Microsoft
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Buoyed by continued strong worldwide sales of personal computers, Microsoft reported strong growth even as it faces the challenges of being a mature technology company.
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Hewlett-Packard reported solid financial results for its fiscal first quarter, driven by growth in PCs and enterprise hardware. The results prompted HP to raise its forecast for the year ahead.
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Microsoft Corp.'s new Windows Vista operating system spurred a 67 percent increase in personal-computer sales at U S retail stores in its first week on the market, according to research firm Current Analysis Inc.
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Microsoft Corp. (MSFT.O: Quote, Profile, Research) , the world&#39;s largest software maker, on Thursday said its quarterly profit climbed as sales rose, but the company&#39;s revenue forecast
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Demand for the Vista Windows system and other products helps Microsoft to profits of $3.03bn, up 11% on last year.
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Microsoft posted a rise in quarterly profit Thursday, boosted by healthy demand for personal computers loaded with its Windows operating system and strong sales of its "Halo 3" video game.
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Microsoft posted a record $16.4 billion in revenue during the company's second business quarter, shattering its previous record by $2 billion. The software giant also blew away Wall Street expectations by recording a 92 percent rise in quarterly earnings in comparison with the year-earlier period.
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Microsoft reported strong sales but its financial results were muddled by the late arrival of important new products.
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Microsoft Corp. on Thursday said its quarterly profit climbed as revenue rose 12 percent, driven by demand for the company's core software products from businesses and higher sales of personal computers and servers.
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Strong sales of new and old products alike led Microsoft to its fastest first-quarter growth in seven years with the company reporting growth in all five business segments and both revenue and EPS (earnings per share) that beat analyst expectations.
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Microsoft reported its profits surged 81 percent on record-high revenues of 16.37 billion dollars in the last three months of 2007 due to intense demand for computer software.
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Microsoft beat Wall Street expectations for both revenue and EPS (earnings per share) for its fiscal 2008 second quarter, attributing its strong quarter to sales of core client products, such as Windows Vista and Office 2007, as well as Exchange and SharePoint server software.
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PC buying uptick won't last. Corporations are upgrading at a normal pace, while consumers who waited for Vista have now made the switch.
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Microsoft Corp  posted a rise in quarterly profit on Thursday, boosted by healthy demand for personal computers loaded with its Windows operating system and strong sales of its "Halo 3" video game.
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Microsoft said last week that its first-quarter net income rose 11% and revenue 12% because of strong server-software demand and steady sales of PCs that run its products.
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Microsoft posted solid growth in quarterly sales and profit on Thursday, buoyed by strong holiday sales of personal computers and video games.
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SAN FRANCISCO (CBS.MW) -- Microsoft said Thursday that its fiscal first-quarter net income rose 11 percent from a year earlier as client software sales, server revenue and Xbox sales all rose.