RealTime IT News

Microsoft Roars Past Analysts' Estimates

Microsoft revved up its cash machine in the first quarter of the software giant's fiscal year for 2011, a period that ended Sept. 30 and saw 25 percent year-over-year increase in revenues, well ahead of analysts' expectations.

Microsoft credited its healthy earnings to the strong showing of Windows 7, Office 2010 and the Xbox 360 gaming system. Datamation looks at the numbers.


In what is typically a slow quarter, Microsoft's sales and earnings for its first quarter of fiscal 2011, which closed Sept. 30, blew the doors off even the most optimistic analysts' projections on Thursday.

Microsoft (NASDAQ: MSFT) announced it brought in $16.2 billion in revenues for the period covering July through September. The average estimate of analysts polled by Thomson Reuters had been $15.81 billion for the quarter. That was up 25 percent over the same quarter last year.

Read the full story at Datamation:
Microsoft Blows the Doors off Analysts' 3Q Estimates