Microsoft Beats Expectations On Strength Of Xbox And Kinect Sales
By Zvi Bar:On Thursday, January 19, 2012, Microsoft (MSFT), the world's largest software developer, reported its fiscal second quarter (or Q4 of 2011) results. The software giant's profit surpassed Wall Street's consensus estimates, largely on the back of holiday-driven sales of Xbox game systems, Kinect sensor accessories for the Xbox, and healthy corporate software purchasing. See a recent performance chart for MSFT below: Microsoft reported net income of $6.62 billion, or 78 cents per share, compared to 77 cents per share for the same quarter last year earlier. This was two cents above Wall Street estimates of 76 cents. Revenue increased to $20.9 billion, in line with expectations. Intel (INTC), which supplies that majority of processors for Windows-based computers, also announced above estimate earnings after the close on Thursday. That company also noted consumer purchasing of Windows based personal computers and software. Sales of PCs were hit by a double whammy asComplete Story »
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