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SOFTWARE INDUSTRY NEWS |
Microsoft reports second quarter results |
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Software giant Microsoft has announced record revenues of $19.02 billion for the second quarter ended Dec. 31, 2009, 14% higher than the same period in the prior year. Operating income, net income and diluted earnings per share for the quarter were $8.51 billion, $6.66 billion and $0.74 per share, representing corresponding increases of 43%, 60% and 57% respectively over the same period in the prior year period. Microsoft said these results include the recognition of $1.71 billion of deferred revenue, an impact of $0.14 of diluted earnings per share, relating to the Windows 7 Upgrade Option Program and pre-sales of Windows 7 to OEMs and retailers before general availability. Adjusting for the deferred revenue recognition, second-quarter revenue totaled $17.31 billion, and diluted earnings per share totaled $0.60 per share. “Exceptional demand for Windows 7 led to the positive top-line growth for the company,” said Peter Klein, Microsoft's CFO said. “Our continuing commitment to managing costs allowed us to drive earnings performance ahead of the revenue growth.” Microsoft's Windows 7 and Windows Server 2008 R2 launched globally on October 22, and the company sold over 60 million Windows 7 licenses through the second quarter, which Microsoft said made it the fastest selling operating system “in history.” Microsoft offered an operating expense guidance of $26.2 billion to $26.5 billion, for the full year ending June 30, 2010. |
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