posted by Thom Holwerda on Thu 28th Oct 2010 23:07 UTC
Icon"Microsoft profit jumped 51 percent year over year and recorded record quarterly revenue during Q1 of its fiscal year 2011, the company said today, killing Wall Street estimates as skepticism surrounded Microsoft's cash cows. Net income skyrocketed from $3.57 billion in Q1FY10 to $5.41 billion in the quarter ending Sept. 30, launched by strong sales of Windows 7 and Office 2010. The year-ago period, however, was a low point as Microsoft weathered the poor economy. Earnings per share was 62 cents, eclipsing the Wall Street consensus estimate of 55 cents. And while analysts had expected revenue of $15.8 billion, Microsoft reported $16.2 billion - up 25 percent over the year-ago period."
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