The deep dive on Microsoft Q3 earnings

As Windows faltered, Office stepped in and rescued Microsoft.

Word, Excel, PowerPoint and business software may not be as sexy as an Apple iPad, but the old reliables helped save the day in the company's latest quarterly financial report, with growth of 21 percent to $5.3 billion in sales.

The new Xbox Kinect also came on strong, with sales growth of 60 percent.

Overall, sales in the quarter -- the third of fiscal 2011 -- rose 13 percent to $16.4 billion, slightly more than the $16.2 billion analysts had forecast. Last year, sales were $14.5 billion.

Profit reached $5.2 billion, an increase of 31 percent from $4 billion last year. It reflected a one-time, $461 million tax benefit related to a settlement with the Internal Revenue Service involving an audit covering 2004 to 2006. Without the benefit, profit increased 19 percent.

Read Full Article from The Seattle Times

- Posted: 2011-04-29 11:47:55

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