Microsoft Releases Record Earnings With Net Income Surging 51%

Posted: Oct 29 2010, 12:15am CDT | by , in News | Technology News

 
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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.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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