Microsoft’s Plan Must Be Working: Sales Up 25% for Record Q3 Earnings
Microsoft reported revenue earnings that beat out expectations, with a record-breaking $16.2 billion for Q3 2010. That’s a 25% increase from the same period last year, indicating that the company has been doing a few things right these past few months.
Operating income, net income and diluted earnings per share were $7.12 billion, $5.41 billion and $0.62 per share for the quarter, which gave Microsoft a boost by over 50% for each category.
“This was an exceptional quarter, combining solid enterprise growth and continued strong consumer demand for Office 2010, Windows 7, and Xbox 360 consoles and games,” said Peter Klein, chief financial officer at Microsoft.
“Our ability to grow revenue while continuing to control costs allowed us to deliver another quarter of year-over-year margin expansion.”
During the third quarter, Microsoft saw year-over-year growth across all its business segments. From Microsoft’s announcement, the highlights include:
Office 2010 is off to a fast start with revenue growing over 15% in its first full quarter in market.
Microsoft continues to see a healthy and sustaining business PC refresh cycle.
Xbox 360 consoles grew 38%, outselling every competing console in the U.S. for each of the past four months.
For yet another quarter, Bing continued to grow market share, while achieving major milestones in implementing Microsoft’s partnership with Yahoo.
This indicates that Microsoft’s widespread overhaul is effective, on multiple levels. The software giant has its hands in a number of areas, spanning cloud computing, to enterprise, mobile gaming and so much more. The positive earnings for Q3 will reflect well on Microsoft moving forward.
Microsoft reported revenue earnings that beat out expectations, with a record-breaking $16.2 billion for Q3 2010. That’s a 25% increase from the same period last year, indicating that the company has been doing a few things right these past few months.
See here for more of what Microsoft’s been up to, including developments from the company preceding this afternoon’s earnings call.
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