Microsoft Leads the Market Higher
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The stock market rebounded, with Microsoft shares rising to their highest level in six years after the companyâs profit exceeded Wall Street expectations.
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European stock markets moved higher ahead of today&#39;s eurozone interest decision.
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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.
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The software company's stock rises on improved second-quarter numbers.
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Oracle increased its lead over IBM in the relational database market last year, while third-place Microsoft gained ground on IBM, according to sales totals compiled by Gartner analysts.
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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, the world's largest maker of computer software, reports a doubling of quarterly profits.
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Stocks were set to open higher on Friday as strong earnings from companies, including Microsoft Corp, and a speedy agreement on a U.S. economic stimulus package helped lift investor confidence.
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Personal income, boosted by a large dividend payment from computer software giant Microsoft Corp., shot up by a record 3.7 percent in December.
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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 Corp.  on Thursday  lifted its full-year earnings outlook on strong demand for its  new Windows operating system and announced plans to buy back as  much as $40 billion of its stock, boosting its share price by 5  percent.
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Microsoft  reported a rise in quarterly profit on Thursday, boosted by strong sales of its Windows operating system, and the company raised its full-year profit outlook, sending its shares up 4 percent.
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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 earnings per share (EPS) that beat analyst expectations.
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Microsoft Corp. , the world's largest software maker, on Thursday said its first quarter profit climbed as personal computer sales and business demand fueled higher sales.
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Microsoft Corp. (MSFT.O: Quote, Profile, Research) on Thursday posted higher quarterly earnings as revenue rose 12 percent, but its shares fell after the world&#39;s largest
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Microsoft reported quarterly sales and profit gains that surpassed Wall Streetâs expectations, and delivered an optimistic outlook.