Microsoft released record numbers for their fiscal 1st Quarter 2011. The revenue rose 25% compared to the same period last year to $16.2 billion. This though a couple billion less than what Apple achieved last quarter. Apple had revenues $20 billion in revenue. Microsoft made though more profit from their revenue, beating Apple by over a billion.
Operating income, net income and diluted earnings per share for the quarter were $7.12 billion, $5.41 billion and $0.62 per share, which represented increases of 59%, 51% and 55%, respectively, when compared with the prior year period.
Microsoft reports growth in Office 2010 sales with revenue growing 15%. The Xbox 360 grew also 38%, outselling other consoles the last four months in the United States.
Microsoft reaffirms operating expense guidance of $26.9 billion to $27.3 billion for the full year ending June 30, 2011.