Microsoft Crushes It In Q3: $4.01 Billion In Net Income
When you're Microsoft, there's one thing you can do to pretty much
guarantee huge revenue streams: create a new desktop operating system.
The company announced their third-quarter earnings today, and if you're
a Microsoft investor, you can't help but be happy. Microsoft announced
record third-quarter revenue of $14.50 billion for the
quarter ended Mar. 31, 2010, a 6% increase from the same period of the
prior year; net income was listed at $4.01 billion, which represents a
35% increase from this period a year ago. Needless to say, Windows 7
seems to be driving things rather significantly, and it's all in the
right direction.
Peter Klein, chief financial officer at Microsoft, was obviously pleased with the results: "Windows 7 continues to be a growth engine, but we also saw strong growth in other areas like Bing search, Xbox LIVE and our emerging cloud services. Our record third-quarter revenue along with continued rigor on cost management resulted in exceptional EPS growth."
When looking specifically at Windows revenue, that was up 28% compared to this quarter last year, with Windows 7 demand deemed "strong." Today, over 10% of all PCs in the world have made the transition to Win7, making it the "fastest-selling operating system in history." What's really interesting here is the lack of talk surrounding Bing, Zune and Xbox. We know Windows 7 is the main driver here, but notes surrounding those other sectors would've been great. In fact, shares of the company dipped after the results were announced, signaling that investors were happy (but not happy enough) about the results.
It's tough to impress these days, it seems.
Peter Klein, chief financial officer at Microsoft, was obviously pleased with the results: "Windows 7 continues to be a growth engine, but we also saw strong growth in other areas like Bing search, Xbox LIVE and our emerging cloud services. Our record third-quarter revenue along with continued rigor on cost management resulted in exceptional EPS growth."
When looking specifically at Windows revenue, that was up 28% compared to this quarter last year, with Windows 7 demand deemed "strong." Today, over 10% of all PCs in the world have made the transition to Win7, making it the "fastest-selling operating system in history." What's really interesting here is the lack of talk surrounding Bing, Zune and Xbox. We know Windows 7 is the main driver here, but notes surrounding those other sectors would've been great. In fact, shares of the company dipped after the results were announced, signaling that investors were happy (but not happy enough) about the results.
It's tough to impress these days, it seems.
