Microsoft profit rises 79 pct, outlook bullish
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Microsoft Corp  signaled  confidence to a rattled stock market by raising its full-year  profit outlook above Wall Street targets and reporting a 79  percent rise in quarterly profit on Thursday.
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Microsoft Corp. said Thursday its fiscal second-quarter profit topped analysts' expectations and climbed 79 percent, buoyed by rising sales of Windows-based personal computers.
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Microsoft reported quarterly sales and profit gains that surpassed Wall Streetâs expectations, and delivered an optimistic outlook.
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Microsoft's fiscal fourth-quarter profit edged up 7 percent despite a hefty charge to cover the cost of defective Xbox 360 video game consoles.
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(MENAFN) The world&#39;s biggest software company, Microsoft Corp, said that its first quarter profits grew to $2.9 billion as consumers and businesses boosted demand for new computers, AFP reported.
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Microsoft reported surprising strong quarterly sales and profit growth, well ahead of Wall Streetâs expectations, which sent its stock up 12 percent in after-hours trading.
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Microsoft Corp. MSFT.O on Thursday  posted higher quarterly earnings as revenue rose 12 percent,  but its shares fell after the world's largest software maker  said current quarter sales would fall below Wall Street  expectations.
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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 Thursday that its fiscal second-quarter earnings rose sharply, beating Wall Street estimates, amid strong demand for the company's server products and heavy holiday sales of its Halo 2 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, the world's largest maker of computer software, reports a doubling of quarterly profits.
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Microsoft said Thursday its profit for the just-ended quarter rose 11 percent from a year ago to 3.03 billion dollars, boosted by the new Windows Vista operating system and the new Office software suite.
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Microsoft  is expected to  report a sharp rise in quarterly profit this week, boosted by  surging revenue as strong computer sales drive demand for its  Windows operating system and Office software.
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Buoyed by continued strong worldwide sales of personal computers, the Microsoft Corporation yesterday reported strong growth in profits and sales even as it faces the challenges of being a mature technology company.
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Microsoft reported Thursday that first-quarter net income rose 11% and revenue 12%, due to strong server-software demand and steady sales of PCs that run its products.
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Strong sales of new and old products alike led Microsoft to its fastest first-quarter growth in eight years with the company reporting growth in all five business segments and both revenue and EPS (earnings per share) that beat analyst expectations.Revenue for the fiscal quarter ended Sept. 30 was up 27 percent at $13.76 billion compared to $10.81 billion a year ago, Microsoft said Thursday. Consensus estimates from Thomson First Call analysts were for the company to generate revenue of $12.57 billion. Microsoft&#39;s EPS for the quarter was $0.45, which also soundly beat Thomson First Call consensus estimate of $0.39. Net income for the quarter was $4.29 billion, a 23 percent increase over the $3.48 billion reported a year ago.At $5.92 billion, operating income for the quarter also had double-digit percentage growth: An increase of more than 25 percent over operating income reported for the same period last year of $4.47 billion.Microsoft&#39;s first quarter was buoyed by the highly anticipated launch of the Xbox 360 game Halo 3 on Sept. 25, just days before the quarter&#39;s close. In its first 24 hours on sale, the game brought in $170 million in sales; it became the fastest selling video game in history after being in the market for just a week and a half, according to the company.Strong performances from Microsoft&#39;s client, business, server and tools, and online divisions also contributed to revenue growth in the quarter. In particular, Microsoft said sales of its Windows Vista OS experienced double-digit growth through multi-year business contracts, and demand for Microsoft Office, Windows Server, and SQL Server was also high.Looking ahead, Microsoft said it expects to report revenue in the range of $15.6 billion to $16.1 billion for its second quarter, which ends Dec. 31. Operating income is expected to be in the range of $5.9 billion to $6.1 billion, while diluted EPS are expected to be between $0.44 to $0.46 for the second quarter, the company said.For its fiscal year 2008, Microsoft expects revenue in the range of $58.8 billion to $59.7 billion and operating income in the range of $23.3 billion to $23.7 billion. Diluted earnings per share are expected to be between $1.78 and $1.81 for the fiscal year, the company said.
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Microsoft Corp.  on Thursday  posted a 23.5 percent drop in quarterly net profit, but raised  its outlook for the current fiscal year as orders for upcoming  products exceed expectations, lifting its shares by 6 percent.