Windows 7 Helps Microsoft's Profits Beat Expectations
Windows 7 Helps Microsoft's Profits Beat Expectations
Posted 01/28/2010 at 7:56pm
| by Pulkit Chandna
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Microsoft today reported results for the second fiscal quarter ended December 31, 2009. It managed to churn out strong results during the quarter thanks mainly to Windows 7. Both its profit and revenue soared to record levels in this period. During fiscal 2Q, the company reported earnings of $6.66 billion, or 74 cents per share, on revenue of $19.02 billion. This is way better than what financial pundits had predicted.
Microsoft claims it has sold 60 million Windows 7 licenses. While the phenomenal consumer interest in Windows 7 is clearly propelling Microsoft's growth, the lingering parsimony among enterprises is a cause for concern.
The division that makes its popular Office productivity suite was particularly hit by lack of corporate spending, with its revenue dropping 3 percent. The entertainment division did not fare too well, either. It only sold 5.2 million Xbox 360 consoles, 13 percent less compared to the previous year.
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