Microsoft earnings again buoyed by Windows 7

Windows 7 has once again kept Microsoft's balance sheet healthy. On Thursday, the company announced strong income and revenue growth for its third fiscal quarter, thanks in part to continued brisk sales of the new OS.

For the quarter ended March 31, Microsoft reported net income of US$4.01 billion, up 35 percent from the same period a year prior. Third-quarter revenue was $14.5 billion, a jump of 6 percent. Earnings came in at $0.45 per share, beating analysts' expectations by $0.03 per share, according to a poll by Thomson Reuters.

As in the previous quarter, Windows 7 provided much of the boost needed to achieve the positive numbers, Microsoft Chief Financial Officer Peter Klein said in a statement. He also pointed to the company's Bing search, Xbox Live and emerging cloud services as areas of growth.

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- Posted: 2010-04-23 09:56:35

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