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Microsoft Profit Rises 60%, Tops Analysts' Expectations

Microsoft said its earnings in the most recent quarter jumped 60 percent, helped by a rebound in personal computer sales.

The PC industry bounced back during the 2009 holiday shopping season after one of its roughest years to date. Microsoft's earnings are closely tied to computer sales because its two most profitable divisions make the Windows operating system and the Office set of business software.

Microsoft said Thursday its net income for the fiscal second quarter that ended Dec. 31 rose to $6.7 billion, or 74 cents per share. Revenue increased 13 percent to $19 billion.

Microsoft outstripped analysts' forecasts by 15 cents a share. Wall Street expected Microsoft to earn 59 cents a share on sales of $17.9 billion, according to a poll from Thomson Reuters.

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green3069d ago

See... Microsoft,this is what happens when you release a great OS from the get go.Now if you can just release the Zune HD in the UK and unveil the Microsoft courier tablet.

MetalGearRising3069d ago (Edited 3069d ago )

Well done Microsoft. Anyone knows how Sony shares are just asking.

mcnablejr3069d ago

but yeah, well i agree.