Thursday, April 28, 2011

Microsoft Corp. (NASDAQ: MSFT): Q3 2011 Earnings Roundup

Microsoft Corp. (NASDAQ: MSFT) reported late Thrsday that its fiscal third-quarter profit rose to $5.2 billion, or 61 cents a share, from $4 billion, or 45 cents a share, in the year-earlier quarter. Revenue climbed 13% to $16.43 billion from $14.5 billion in the same quarter last year. Analysts, on average, expected the company to report earnings of 56 cents per share on revenue of $16.19 billion. 

"We delivered strong financial results despite a mixed PC environment, which demonstrates the strength and breadth of our businesses," said Peter Klein, CFO of Microsoft, in a prepared statement. "Consumers are purchasing Office 2010, Xbox and Kinect at tremendous rates, and businesses of all sizes are purchasing Microsoft platforms and applications."

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