All divisions, even MSN, lift Microsoft
SeattlePI | at | by Mike
Microsoft reported a 28 percent increase in net income in its first quarter, helped in part by its MSN division's first quarterly profit, even as the effects of computer viruses kept the company's salespeople from closing some licensing deals.
The company said yesterday that revenue rose to $8.22 billion, a 6 percent increase over the same quarter last year. Net income reached $2.61 billion, or 24 cents per share, beating analysts' estimates by a penny after adjusting for the effect of changes in the company's stock-compensation plan.