Microsoft reports best-ever Q1 results; revenue hits $17.37 billion

By on October 20, 2011 at 4:20 PM.

Microsoft reports best-ever Q1 results; revenue hits $17.37 billion

Microsoft announced its fiscal first-quarter 2012 earnings on Thursday, the best first quarter the company has ever recorded. The Redmond-based software giant reported revenue of $17.37 billion, up 7% from the first quarter of 2011 and on a par with analyst estimates of $17.26 billion. Operating income for the quarter was $7.2 billion, up 1% from the same quarter last year and net income was $5.74 billion, or $0.68 per share, up 6% from the first quarter of 2011. “We saw customer demand across the breadth of our products, resulting in record first-quarter revenue and another quarter of solid EPS growth,” said Microsoft CFO Peter Klein. “Our product portfolio is performing well, and we’ve got an impressive pipeline of products and services that positions us well for future growth.” Microsoft’s Business division reported $5.62 billion in revenue, up 8% from the same period last year and above analyst estimates of $5.4 billion. The company’s Server & Tools team reported $4.25 billion in revenue, up 10% from last year’s first quarter and a hair below analyst expectations of $4.3 billion. Its Windows and Windows Live Division reported a revenue increase of 2% up to $4.87 billion. In addition, Microsoft said it has now sold 450 million Windows 7 licenses since the platform’s launch. Read on for the full press release from Microsoft.  More →

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Google reports Q2 earnings; stock soars as revenue, EPS crushes the Street

By on July 14, 2011 at 4:38 PM.

Google reports Q2 earnings; stock soars as revenue, EPS crushes the Street

Shares of Google stock jumped more than 10% in after-hours trading following the Internet giant’s second-quarter earnings report. “We had a great quarter, with revenue up 32% year on year for a record breaking over $9 billion of revenue,” said Google CEO Larry Page in a statement. “I’m super excited about the amazing response to Google+ which lets you share just like in real life.” Google reported revenue of $9.03 billion in its June quarter, up 32% over the same quarter last year and well above the Street’s $6.5 billion consensus. EPS came in at $8.76, also well above Wall Street’s consensus of $7.86, and Google’s net income for the quarter totalled#2.85 billion, up from $2.08 billion in the second quarter last hear. Google also noted that Android activations are currently up to 550,000 devices per day, and its invite-only Google+ social network now has more than 10 million members. Google’s full press release follows below. More →

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Nintendo Wii 2 confirmed amid Wii sales slump

By on April 25, 2011 at 9:22 AM.

Nintendo Wii 2 confirmed amid Wii sales slump

On Monday, Nintendo released a statement confirming that it will reveal the successor to the original Wii during the E3 Expo tradeshow in Los Angeles — which takes place June 7-9, 2011. The new console, currently codenamed “Project Cafe,” may feature a new “Screen Stream” controller option that will provide each individual gamer with their own touchscreen display, although Nintendo did not disclose any of the console’s new features in its statement. The Japanese gaming firm also announced its earnings for the fiscal year ending March, 2011. Net sales of ¥1,014 billion ($12.35 billion) were down 29.3% year-over-year and Nintendo’s net income fell 66.1% to ¥77.62 million ($946,110). Hardware and software sales for the United States, Nintendo’s largest market, also fell year-over-year. Nintendo sold 15.08 million Nintendo Wii units, 3.61 million of its new Nintendo 3DS devices, and 17.52 million of its Nintendo DS portable gaming consoles in the States. By contrast, the firm sold 20.5 million Wii units in the U.S. last year. Globally, the firm sold 171.26 million Wii units, 120.98 million DS devices, and 9.43 million Nintendo 3DS units. Hit the jump for Nintendo’s earnings release, as well as its official statement on E3. More →

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