Microsoft earnings jump 60%
Microsoft Corp. said Thursday that its earnings in the second quarter jumped 60 percent, as a rebound in the PC industry drove sales of the company’s latest Windows operating system.
But Microsoft said the division that makes Office software and other business programs, the company’s other cash cow, saw revenue slip 3 percent, while revenue from its typically fast-growing server software group edged up just 2 percent.
Microsoft said it saw no signs yet that big corporations had resumed spending on technology.
Net income rose to $6.7 billion, or 74 cents per share, from $4.17 billion, or 47 cents, a year ago. Revenue increased 14 percent to $19 billion.
In the Windows division, revenue leapt 70 percent and net income nearly doubled to $5.4 billion.
Filed under: economics by Fred