http://techcrunch.com/2011/01/27/microsoft-grows-revenues-5-in-2nd-quarter-to-19-95-billion
Microsoft just released positive earnings for the fifth quarter in a row, with second quarter revenues of $19.95 billion, a 5% increase from last year. Diluted earnings per share were $0.77 per share. The company beat the street as analysts expected revenue to come in at $19.14 billion and diluted earnings per share of $0.68. Operating income and net income for the quarter were $8.17 billion and $6.63 billion, a decrease of 4% and 0.4%, respectively, over the same time last year.
Some highlights from the quarter:
* Revenues for the Windows division were down 29.7 percent to $5 billion. Operating profits were also down by about $2 billion.
* More than 20 percent of PCs worldwide (300 million) are now running Windows 7.
* Microsoft’s business division (powered by Office) grew 24 percent to $6 billion in revenues, and operating profits were a very healthy $3.97 billion.
* The online division grew 19 percent to $691 million in revenues, but losses widened to $543 million.
* Online advertising revenues were up 23 percent.
* Xbox Kinnect sold 8 million units in 60 days, driving the entertainment division’s revenues up 55 percent to $3.7 billion.
Microsoft just released positive earnings for the fifth quarter in a row, with second quarter revenues of $19.95 billion, a 5% increase from last year. Diluted earnings per share were $0.77 per share. The company beat the street as analysts expected revenue to come in at $19.14 billion and diluted earnings per share of $0.68. Operating income and net income for the quarter were $8.17 billion and $6.63 billion, a decrease of 4% and 0.4%, respectively, over the same time last year.
Some highlights from the quarter:
* Revenues for the Windows division were down 29.7 percent to $5 billion. Operating profits were also down by about $2 billion.
* More than 20 percent of PCs worldwide (300 million) are now running Windows 7.
* Microsoft’s business division (powered by Office) grew 24 percent to $6 billion in revenues, and operating profits were a very healthy $3.97 billion.
* The online division grew 19 percent to $691 million in revenues, but losses widened to $543 million.
* Online advertising revenues were up 23 percent.
* Xbox Kinnect sold 8 million units in 60 days, driving the entertainment division’s revenues up 55 percent to $3.7 billion.
