Update: Microsoft revenue boosted by Windows 7
By Joab Jackson
January 28, 2010 05:50 PM ET
IDG News Service - Thanks largely to the Windows 7
on Thursday reported a strong increase in net income and revenue for its second quarter of fiscal 2010.
The company rang up $6.66 billion in net income, an increase of 60% from the same period a year earlier. Revenue totalled $19.02 billion for the quarter ending Dec. 31, a 14% increase from the prior year.
Part of the boost came from deferred revenue earned earlier this year, from pre-sales of Windows 7 to PC makers and retailers. This revenue amounted to $1.71 billion.
Even without the deferred revenue, the results were in line with analyst expectations, with second-quarter revenue totaling $17.31 billion, and earnings of 60 cents per share. In a poll of analysts, Thomson Reuters showed an expected revenue of $17.9 billion and earnings per share of 59 cents.