Microsoft's first quarter numbers are in, and the Redmond giant made a killing. Profits were up 51% over last year according to Seattle PI. This is pretty great for a company that has more or less been treading water for the last few years. The market tends to only reward growth, which has been bad for Microsoft. After the announcement, Microsoft shares rose a percent, which is something at least.
"This was an exceptional quarter combining solid enterprise growth and continue strong consumer demand for Office 2010, Windows 7 and Xbox 360," said Microsoft CFO Peter Klein. Microsoft's sales were up 25% from just one year ago, but part of that gain is from deferred revenue ahead of the Windows 7 launch last year. Most divisions turned a profit for Microsoft, even the Entertainment and Devices unit managed a $382 million profit. Many commentators are quick to dismiss Microsoft, but they are clearly still humming along.