Windows sales, strong outlook lift Microsoft |
| MarketWatch - Jan 25, 2008 |
Microsoft shares rose $1.32 to $34.51 after the company said late Thursday strong sales of its Windows software were behind its second-quarter earnings rising to $4.7 billion -- an 81% increase from a year ago.
On a per-share basis, Microsoft earned 50 cents, up from 26 cents a share in last year's second quarter. Revenue rose 31% to $16.37 billion.
Analysts on average have been estimating that Microsoft would post earnings of 46 cents a share on $15.95 billion in revenue for the quarter, according to Thomson Financial.
"They were good results," said McAdams Wright Ragen analyst Sid Parakh. Most importantly, Parakh added, the software giant "still thinks the business-spending environment is pretty healthy, which is good from an overall tech-spending perspective."
Read Full Article from MarketWatch
- Posted: 2008-01-25 11:13:55
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