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With Windows 7, Microsoft kills Wall Street with record quarter | |
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| Time: 00:53 EST/05:53 GMT | News Source: Seattle PI | Posted By: Kenneth van Surksum | ||
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Though businesses aren't yet buying computers again, consumers are – and the success of Windows 7 boosted Microsoft to record profit and record revenue last quarter.
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| #1 By 7754 (206.169.247.2) at 1/29/2010 2:27:57 PM |
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Microsoft walloped Wall Street expectations. Analysts predicted the software juggernaut would bring in $17.48 billion in Q2 of its fiscal year 2010. Microsoft reported earnings per share of 74 cents; the Street was looking for 59 cents, and that was up from 47 cents in the year-ago period.
Quite! And the upshot? Microsoft stock rose 0.31 percent to $29.25 in after-hours trading. Um... ok. Businesses are going to be upgrading in huge numbers to Windows 7 in the next couple of years because the stigma (right or wrong) of Vista is gone, and they can't hold back on XP forever. But... perception is reality, I guess. |
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