Microsoft beat sales estimates Thursday when it announced record-setting revenue levels in its fiscal first quarter, thanks in part to strong sales in the cloud-based business operations, which overcame slow growth in the PC and mobile markets. The software giant posted net income of $5.74 billion and earnings of 68 cents per share. That’s up from a year ago, when the company reported $5.41 billion and 62 cents per share. Revenue was $17.37 billion, up from $16.19 billion last year.
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Microsoft's Cloud Push Begins to Pay Off
Posted by: Rachelle Dragani October 21, 2011 10:47 AMMicrosoft beat sales estimates Thursday when it announced record-setting revenue levels in its fiscal first quarter, thanks in part to strong sales in the cloud-based business operations, which overcame slow growth in the PC and mobile markets. The software giant posted net income of $5.74 billion and earnings of 68 cents per share. That’s up from a year ago, when the company reported $5.41 billion and 62 cents per share. Revenue was $17.37 billion, up from $16.19 billion last year.