Microsoft's fiscal 3Q tops Wall Street predictions
Thursday, April 19, 2012
REDMOND, Wash. (AP) -- Microsoft's fared better than analysts anticipated in its latest quarter, boosted by a surprising rise in sales of its Windows operating system.
The fiscal third-quarter performance announced Thursday comes as investors look forward to the release of Windows 8 later this year. The next version marks the most radical overhaul of the widely-used operating system in decades.
Microsoft Corp. earned $5.1 billion, or 60 cents per share, during the three months ending in March. That was down from net income of $5.2 billion, or 61 cents per share, a year ago.
Last year's results were boosted by a $461 million tax benefit.
Revenue rose 6 percent from last year to $17.4 billion.
Analyst had anticipated earnings of 58 cents per share on revenue of $17.2 billion.