Microsoft Corporation (MSFT) Beats the Street
Microsoft Corp (NasdaqGS:MSFT - News) reported a rise in quarterly profit on Thursday, boosted by strong computer sales that are driving sales of its Windows operating system and Office software.
The world's largest software maker said net profit in its fiscal second quarter rose to $4.7 billion, or 50 cents per diluted share, from $2.6 billion, or 26 cents per diluted share, in the year-ago period. Revenue rose 30 percent to $16.37 billion.
Analysts, on average, had forecast Microsoft to earn 46 cents per share on revenue of $15.94 billion, according to Reuters Estimates.
The world's largest software maker said net profit in its fiscal second quarter rose to $4.7 billion, or 50 cents per diluted share, from $2.6 billion, or 26 cents per diluted share, in the year-ago period. Revenue rose 30 percent to $16.37 billion.
Analysts, on average, had forecast Microsoft to earn 46 cents per share on revenue of $15.94 billion, according to Reuters Estimates.
Labels: Microsoft Corporation, MSFT
posted by Stock Administrator @ 4:49 PM
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