Microsoft does better than expected - October 27, 2009
Microsoft has announced its quarterly results Friday before the opening of Wall Street. The earnings decline yet, but at a slower pace than during the previous quarter.
In the last three months, net income back to $ 3.57 billion, down 18% yoy, against -29% previously. Revenues fell 14% to 12.92 billion dollars, against a decrease of 17% in the previous quarter. These figures include a deferral of sales related to Windows 7 to $ 1.47 billion, which had an impact of $ 0.12 per share. Reported equity, earnings totaled 40 cents under the 1st quarter of its fiscal year, or 52 cents before exceptional. These figures exceed the expectations of analysts on average expected earnings per share of 32 cents and revenues of 12.3 billion dollars.The group lowered its forecast for operating expenses to $ 26.2 billion against 26.5 billion previously.
"We are very pleased with our performance, particularly the strong consumer demand for the Windows operating system, whose latest version was released Thursday, said Chief Financial Officer Chris Liddell.
In preliminary award, the title climbed nearly 8%.
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