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Microsoft's profits jump in Q3

Yesterday, Microsoft announced its Q3 2010 earnings, and we’re pleased to report things went well for the Redmond, WA company. Riding the success of Windows 7, Microsoft beat analysts expectations with $14.5 billion in revenue and a net income of $4.01 billion or $0.45 per share. As previously mentioned, Windows 7 was a smash hit helping Windows revenue climb 28%. Some 10% of PCs world-wide are now running Windows 7. Sales of the Xbox 360 helped the Entertainment Division’s revenue increase to $165 million. The one major downfall for Microsoft was Bing, as search engine lost the company a hefty $713 million.

Welcome back, Microsoft. You had us all quite scared for a while.


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