Microsoft profit, sales beat expectations

Microsoft Corp's quarterly profit fell a smaller-than-expected 18 percent on Friday, as the world's largest software company held up better than feared, sending its shares up 8 percent.

The company, which released its new Windows 7 operating system this week, reported fiscal first-quarter profit of $3.57 billion, or 40 cents per share, compared with $4.37 billion, or 48 cents per share, in the year-ago quarter.

Wall Street expected profit of 32 cents per share, on average, according to Thomson Reuters.


From Page 2 of the updated article:

Profit rose in its server unit and its entertainment and devices unit, which makes the Xbox console and Halo video game series.

bot slayer5085d ago

Reported by bot-ters.com lol

Serial_EDX5085d ago

Could you.

I don't know.

Maybe try harder?

darkmurder5084d ago

Profits fell but they still posted a profit which in a recession is hard to do!

green5084d ago (Edited 5084d ago )

Always good to see companies coming out of the recession. I expect Darkrider66 to be scrutinizing every aspect of the financial report in order to wright a spin article.

Anyway, hope Sony posts similar profits as well.As for Nintendo, recession was never really a problem for them.

@ Below:I amsure your right but at least they will still make a profit.But i doubt we will see wii sales rise to 2007-2008 levels again.

darkmurder5084d ago

Nintendo's profts are set to dip according to Fudzilla, everyone has a Wii and their sales are falling.


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