Microsoft's sales jump, feels confident on future
InternetNews | at | by Mike
Microsoft continues to see revenue trending upward, despite the tumultuous economic climate and concerns over IT spending.
The company today announced revenues of $15.06 billion for the first quarter of fiscal 2009, ended Sept. 30 -- an increase of almost $1.3 billion, or 9 percent, from the $13.7 billion it rang up during the same period a year ago.
The increase in year-over-year net income was less dramatic, however. That totaled $4.37 billion for the quarter, a rise of only $84 million, or about 2 percent, compared to the 2007 figure of almost $4.3 billion. Diluted earnings per share for the quarter came to 48 cents, on the higher end of analysts' expectations, and up from 46 cents compared to last year.