Microsoft quarterly profits beat expectations as Windows sales rise by four percent

   Apr 20, 4:44 pm

Washington, Apr 20(ANI): Microsoft's profits in the three months till the end of March have dropped slightly but the results still beat analysts' expectations after a surprise rise in sales of its Windows operating system.

The world's largest software firm made a net profit of 5.11 billion dollars, as compared with 5.23 billion dollars in 2010.

Windows sales rose by four percent against forecasts of a four percent decline, though sales at its entertainment division, which includes the Xbox console, fell by 16 percent.

Its business division saw revenues increase by nine percent "reflecting the continued strength of Office 2010", the company said.

Brendan Barnicle, analyst at Pacific Crest Securities , said the results looked good.

"Particularly good was the Windows business, which grew about four percent, more than PC industry growth. In the last few quarters, Windows has been growing less than PCs overall," he said.

"It's not clear yet what drove this change, but it could be that the negative impact on PCs from tablets has peaked. The Office business was particularly strong too, which is encouraging," he added.

The company also noted that the results for the same quarter a year ago had been boosted by a 461 million dollar tax benefit. (ANI)

Centre assures to compensate states for revenue loss in GST Dec 19, 6:19 pm
New Delhi, Dec. 19 (ANI): Union Finance Minister Arun Jaitley on Friday said the Centre has given assurance to the states that they would be compensated for any revenue loss post the implementation of the Goods and Services Tax (GST).
Full Story
Uber competitor Easy Taxi aborts India launch plan Dec 19, 3:20 pm
Washington, Dec 19 (ANI): Rocket Internet's Easy Taxi has cancelled its plans of debuting in India, and announced that it is cutting back on businesses in Indonesia and Hong Kong.
Full Story
Manipur's potential in horticulture showcased at Orange Festival in Tamenlong District Dec 19, 2:52 pm
Tamenlong District (Manipur), Dec.19 (ANI): The Government of Manipur is taking every step possible to highlight the potential of horticulture in the state.
Full Story
Silk reeling center in West Tripura providing jobs to rural women Dec 19, 2:31 pm
Badharghat (West Tripura), Dec.19 (ANI): A silk reeling center in Badharghat in West Tripura is providing jobs to rural women.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY