Microsoft’s performance during the fourth quarter not only exceeded the Street’s expectations but also saved some blushes. The Redmond-based company earned $16.04 billion in revenue, a 22% rise compared to the same period last year, and
enough to get it past Apple’s quarterly revenue of $15.7 billion
. The Street had foreseen Apple bettering Microsoft’s quarterly revenue for the first time ever, but MS had other plans.
Windows 7 continued its stellar performance during the quarter and, along with Office 2010, accounted for a large part of the company’s growth. “We saw strong sales execution across all of our businesses, particularly in the enterprise with Windows 7 and Office 2010,” said Kevin Turner, chief operating officer.
According to a press release issued by the company, “Operating income, net income and diluted earnings per share for the quarter were $5.93 billion, $4.52 billion and $0.51 per share, which represented increases of 49%, 48% and 50%, respectively, when compared with the prior year period.”