today’s news of Microsoft-microsoft gs
Microsoft Corp. on Thursday reported that its quarterly sales soared, thanks to gains across all of its key product lines.
Driven by strong Windows 7 sales and an improving PC market, the Redmond, Wash., software giant reported net income that rose 48%, to $4.5 billion, in its fiscal fourth-quarter. Microsoft’s per-share earnings were 51 cents, ahead of the 46 cents per share forecast from analysts polled by Thomson Reuters.
Sales rose 22% to a record $16 billion, topping analysts’ forecasts of $15.3 billion.
That was enough to keep Microsoft ahead of Apple in the closely watched sales race between the one-time arch rivals. Apple (AAPL, Fortune 500) on Tuesday reported quarterly sales of $15.7 billion, a new record for the company.
“We saw strong sales execution across all of our businesses, particularly in the enterprise with Windows 7 and Office 2010,” Kevin Turner, Microsoft’s chief operating officer, said in a prepared statement. “We look forward to continuing our product momentum this fall with the upcoming launches of Windows Phone 7 and Xbox Kinect.”
Microsoft’s revenue grew in every one of its major divisions over the same period in 2009. Windows sales jumped 44% over last year, when Windows 7 had not yet been released and the oft-maligned Windows Vista was set to soon be retired. Microsoft Office sales rose 15%, and server revenue was up 14%.
Posted: July 22nd, 2010 under Breaking News.
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