Microsoft earns $2.9 billion in Q1
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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 Corp.'s quarterly earnings rose 11 percent over the comparable quarter last year, with strongest growth in sales of server software.
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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 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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Demand for personal computers loaded with its Windows operating system and strong sales of its Halo 3 video game helped lift Microsoftâs quarterly profit to $4.29 billion.
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The software maker said it got off to a fast start in the first quarter, with revenue up 27 percent from a year ago.
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SEATTLE - Microsoft said Thursday it eked out a gain in net profit despite taking a $1 billion charge to pay for repairs to its Xbox 360 game consoles.
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Take that, Apple Microsoft reported fiscal second-quarter earnings that surpassed Wall Street's already lofty expectations, as sales of PCs and Xboxes soared. The company also forecast future results that met or beat analysts' outlook.â¦
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You mean someone's actually buying Vista? Microsoft made revenues of $13.76bn in the three months ended 30 September 2007, an increase of 27 per cent on the same period last year.â¦
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The Financial Times reported yesterday that Microsoft paid the Computer and Communications Industry Association $19.75 million earlier this month to settle an antitrust suit, and that the association&#39;s top official received $9.75 million of that amount.
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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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Investor's Business Daily - Microsoft easily beat Wall Street's forecasts for its fiscal second quarter on Thursday thanks to strong sales of Windows Vista, Office software and video games.
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By Ryan Blitstein, San Jose Mercury News, Calif.  Sep. 19--Oracle reported record first quarter revenues and earnings  Tuesday, with its net income rising 29 percent to $670 million during the  fiscal first quarter of 2007.
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Citing continued strength in the PC and server markets, Microsoft on Thursday reported earnings that beat Wall Street expectations and a 12 percent increase in revenue for the first quarter of its 2005 fiscal year.
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Microsoft bid $1.2 billion for Fast Search & Transfer, which specializes in high-end Internet search and business intelligence systems now used by many major companies.
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Microsoft Corp  posted a 7  percent gain in net profit as demand for its Office software  and improved results from its online arm more than compensated  for a $1.1 billion charge to repair Xbox game consoles.
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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.