Microsoft 2Q beats Street despite soft PC market
Thursday, January 19, 2012
REDMOND, Wash. (AP) -- Microsoft Corp. says its net income for quarter through December was roughly flat from a year ago as revenue rose 5 percent despite a soft market for personal computers.
Net income in the company's second quarter came to $6.62 billion, or 78 cents per share. That's down slightly from the $6.63 billion, or 77 cents per share, a year ago.
Revenue rose to $20.89 billion.
The earnings beat the expectations of analysts polled by FactSet, who were looking for 76 cents per share. But sales were below the $20.92 billion expected.
Microsoft's Windows operating system division saw a revenue decline, but that was more than made up for by gains in its business, server, Xbox 360 and online services units.
Shares rose 2.1 percent to $28.71 in after-hours trading.