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)

Japan develops strong business ties with ASEAN and India Sep 30, 4:49 pm
Tokyo, Sept. 30 (ANI): The Indonesia International Motor Show 2014 at Jakarta International Expo featured 36 automotive brands.
Full Story
RBI's decision to maintain status quo not fully unexpected: Chandrajit Banerjee Sep 30, 4:18 pm
New Delhi, Sept. 30 (ANI): Not much surprised by the fourth bi-monthly monetary policy, Chandrajit Banerjee, Director General of CII said that RBI's decision to maintain status quo on policy rates is not fully unexpected.
Full Story
RBI will not bring down the inflation till six percent inflation is achieved: Market experts Sep 30, 4:18 pm
New Delhi, Sept.30 (ANI): Accepting the unchanged current credit policy of RBI announced today, the market experts Nirav Vakharia and Akash Jindal said here on Tuesday that RBI has already indicated that until the target of six percent inflation is not achieved they are not going to budge from their interest rate line.
Full Story
Toshiba ventures into vegetable production Sep 30, 4:18 pm
Tokyo, Sept.30 (ANI): Toshiba Corporation today announced that it has begun production of vegetables at the Toshiba Clean Room Farm Yokosuka, a plant factory in Yokosuka, Kanagawa prefecture.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY