Microsoft Corporation (NASDAQ: MSFT) came out with its earnings after the close (only on the website, no press release). This was record revenues for its first quarter of up about 25% to $16.20 billion. Operating income, net income and diluted earnings per share for the quarter were $7.12 billion, $5.41 billion and $0.62 EPS. Thomson Reuters had estimates of $0.55 EPS and $15.8 billion.
Microsoft reaffirms operating expense guidance of $26.9 billion to $27.3 billion for the full year ending June 30, 2011.
The company talked about solid enterprise growth and “continued strong consumer demand for Office 2010, Windows 7, and Xbox 360 consoles and games.”
Office 2010 revenue grew over 15% in its first full quarter in market. Here is an important takeaway… “Microsoft continues to see a healthy and sustaining business PC refresh cycle.” Xbox 360 consoles grew 38%. The company said that Bing continued to grow market share, while achieving major milestones in implementing Microsoft’s partnership with Yahoo. The company discussed an improved business demand and adoption.
Microsoft shares closed up 0.88% at $26.28 today, and the stock is up 1.5% at $26.28 in the after-hours session.
JON C. OGG
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.