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)

Facebook reveals Q2 earnings, high revenue from mobile-ad Jul 24, 1:52 pm
Washington, July 24 (ANI): Facebook has announced its second quarter's earnings, and shows a considerable rise in advertising revenue on mobile.
Full Story
Cabinet approves 49 percent FDI in insurance sector Jul 24, 1:07 pm
New Delhi, July 24 (ANI): The Union Cabinet on Thursday gave its approval to the proposal of raising the foreign direct investment (FDI) cap in the insurance sector to 49 percent from the existing 26 percent.
Full Story
Maximise use of non-intrusive method of investigation: FM tells tax officials Jul 24, 11:18 am
New Delhi, July 24 (ANI): Finance Minister Arun Jaitley has exhorted income tax officers to maximize the use of innovative and non-intrusive methods of investigation.
Full Story
DMRC slashes 40% fares on Airport Express Line Jul 24, 9:38 am
New Delhi, July 24 (ANI): Delhi Metro Rail Corporation (DMRC) has slashed fares on Airport Express Line by 40 per cent. The rates were revised earlier this month and will take effect from today.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY