Exceptionally strong sales of Windows 7 helped drive Microsoft (NASDAQ: MSFT) to another record quarterly performance, company executives said today.
For the third quarter of Microsoft's fiscal 2010, ending March 31, the company turned in revenues of $14.50 billion, up 6 percent from the same period a year ago, while earnings per share (EPS) for the quarter came in at $0.45, a gain of 36 percent.
Analysts polled by Thomson Financial in advance of the announcement had expected Microsoft to turn in revenues of $14.38 billion and EPS of $0.42 for the quarter.
Microsoft cited operating income for the quarter of $5.17 billion, and net income of $4.01 billion -- increases of 17 percent and 35 percent, respectively, over the third fiscal quarter of 2009.
Adjusting for $300 million in deferred revenues due to the company's "tech guarantee" program reserves for pre-sales of Office 2010, Microsoft's revenue for the quarter came in at $14.81 billion, an increase of 8 percent overall.
In advance of Microsoft's announcement, analysts expected to see the company's earnings again buoyed by strong sales of Windows 7 to consumers -- and possibly the early signs of adoption of the new system by enterprise customers.
That proved to be the case with consumer sales of Windows 7 -- both on new PCs and as packages of the new system.
"More than 10 percent of all PCs worldwide are running Windows 7 today, making Windows 7 by far the fastest-selling operating system in history," the company said in a statement.
A similar story may be in the works for enterprise customers, with Microsoft suggesting that traction in that market -- which typically takes far longer than in the consumer space -- is ratcheting up.
"Business customers are beginning to refresh their desktops and the momentum of Windows 7 continues to be strong," Kevin Turner, Microsoft's chief operating officer, said in a statement.
Read the full story at Datamation:
http://itmanagement.earthweb.com/features/article.php/3878191/Microsoft-Credits-Windows-7-for-Record-Earnings.htm
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For the third quarter of Microsoft's fiscal 2010, ending March 31, the company turned in revenues of $14.50 billion, up 6 percent from the same period a year ago, while earnings per share (EPS) for the quarter came in at $0.45, a gain of 36 percent.
Analysts polled by Thomson Financial in advance of the announcement had expected Microsoft to turn in revenues of $14.38 billion and EPS of $0.42 for the quarter.
Microsoft cited operating income for the quarter of $5.17 billion, and net income of $4.01 billion -- increases of 17 percent and 35 percent, respectively, over the third fiscal quarter of 2009.
Adjusting for $300 million in deferred revenues due to the company's "tech guarantee" program reserves for pre-sales of Office 2010, Microsoft's revenue for the quarter came in at $14.81 billion, an increase of 8 percent overall.
In advance of Microsoft's announcement, analysts expected to see the company's earnings again buoyed by strong sales of Windows 7 to consumers -- and possibly the early signs of adoption of the new system by enterprise customers.
That proved to be the case with consumer sales of Windows 7 -- both on new PCs and as packages of the new system.
"More than 10 percent of all PCs worldwide are running Windows 7 today, making Windows 7 by far the fastest-selling operating system in history," the company said in a statement.
A similar story may be in the works for enterprise customers, with Microsoft suggesting that traction in that market -- which typically takes far longer than in the consumer space -- is ratcheting up.
"Business customers are beginning to refresh their desktops and the momentum of Windows 7 continues to be strong," Kevin Turner, Microsoft's chief operating officer, said in a statement.
Read the full story at Datamation:
http://itmanagement.earthweb.com/features/article.php/3878191/Microsoft-Credits-Windows-7-for-Record-Earnings.htm
Professional Web Design,Redesign Your Web
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