10/26: Microsoft Reports Big First Quarter
Posted by Patrick
From Reuters:
Joe Wilcox, Todd Bishop, Jay Greene and Nathan have reaction and more.
In the just-reported fiscal first quarter, Microsoft beat even Wall Street's most bullish forecast with a net profit of $4.29 billion, or 45 cents per diluted share, up from $3.48 billion, or 35 cents per diluted share, a year earlier.
Revenue rose 27 percent to $13.76 billion in the three months ended September 30.
Analysts, on average, had forecast 39 cents per share in profit with estimates ranging from 38 cents to 40 cents per share on revenue of $12.54 billion, according to Reuters Estimates.
"It looks like it was a blowout quarter," said Toan Tran, analyst at Morningstar. "It looks like they're firing on all cylinders. Windows, Office ... all grew by 20 percent and they're the big hitters for Microsoft."
Revenue rose 27 percent to $13.76 billion in the three months ended September 30.
Analysts, on average, had forecast 39 cents per share in profit with estimates ranging from 38 cents to 40 cents per share on revenue of $12.54 billion, according to Reuters Estimates.
"It looks like it was a blowout quarter," said Toan Tran, analyst at Morningstar. "It looks like they're firing on all cylinders. Windows, Office ... all grew by 20 percent and they're the big hitters for Microsoft."
Joe Wilcox, Todd Bishop, Jay Greene and Nathan have reaction and more.
