Earnings: Microsoft Revenue Up 27 Percent; Profit Rises 23 Percent
Work in progress. Microsoft (NSDQ: MSFT) turned a profit of $4.29 billion, or $0.45 per share for the quarter ending Sept. 30, compared with $3.4 billion, or $0.35 per share in the same quarter last year. Revenues were up 27 percent to $13.76 billion in the quarter ending Sept. 30, fueled, in part, by sales of new operating system Vista. Entertainment and devices: The home of Xbox brought in $1.93 billion in revenue, up from $1.01 billion in the same 2006 quarter. Operating income swung to black with $165 million, compare with last year’s loss of $142 million. Earnings release | Webcast (5:30 p.m. eastern)
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