Record first quarter for Microsoft

Stephen Withers
Friday, 21 October 2011 08:37

IT Industry - Listed Tech

 

Microsoft has set a new revenue record for its first fiscal quarter. The $US17.37 billion figure was up 7% year-on-year.

 

Although Microsoft's operating income and net income only lifted 1% and 6% respectively, earnings per share were up 10% to $US0.68.

 

"We had another strong quarter for Office, SharePoint, Exchange, and Lync, and saw growing demand for our public and private cloud services including Office 365, Dynamics CRM Online, and Windows Azure," said Kevin Turner, chief operating officer at Microsoft. "With a great set of consumer products like Windows 7 PCs, Windows Phone 7.5, Xbox and Kinect, we are excited about the holiday buying season."

Revenue highlights included an 8% lift by the business division (Office, etc) and 10% revenue growth at the server and tools operation. Windows and Windows Live revenue was up just 2% - "in line with the PC market," according to Microsoft officials.

Even though the revenue were better than analysts expected and earnings matched their predictions, the company's share price closed at $US27.04 (down 0.33%) and fell a further 17 cents (0.63%) in after hours trading.