Microsoft reports first quarter results, shares up 10.30%
October 23rd, 2009 - 8:35 pm ICT by Aishwarya Bhatt
Redmond, Oct 23 (THAINDIAN NEWS) Microsoft shares went up 10.30% today after it announced first quarter results ending on Sept. 30, 2009.
In the quarterly results, Microsoft had a 14% decline, over the same period of the prior year. Operating income, net income and diluted earnings per share for the quarter were $4.48 billion, $3.57 billion and $0.40 per share, which represented declines of 25%, 18% and 17%, respectively, when compared with the prior year period.
To control the losses, Microsoft is reducing operating expense guidance to $26.2 billion to $26.5 billion, for the full year ending on June 30, 2010.
The Microsoft Management is all set to discuss their first-quarter results and the company’s business outlook on a conference call and web cast at 7:30 a.m. PDT (10:30 a.m. EDT) today.
Meanwhile, on a positive note for the company, Windows 7 and Windows Server 2008 R2 were launched globally on Oct. 22 as anticipated. Also in October, Microsoft released Microsoft Exchange Server 2010 into the manufacturing phase and in July announced a strategic partnership with Yahoo! Inc. to provide search results for their global properties. They also launched real time search results of Twitter on Bing, just a couple of days back.
“We are very pleased with our performance this quarter and particularly by the strong consumer demand for Windows,” said Chris Liddell, chief financial officer at Microsoft. “We also maintained our cost discipline, which allowed us to drive strong earnings performance despite continued tough overall economic conditions.”
“The worldwide launches of Windows 7, Exchange Server 2010 and Windows Server 2008 R2 are exciting milestones for Microsoft, our partners and customers,” said Kevin Turner, chief operating officer at Microsoft. “We are pleased by the early positive response we are receiving for these products.”
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Tags: business outlook, chief financial officer, chief operating officer, chris liddell, conference call, diluted earnings per share, earnings per share, economic conditions, global properties, kevin turner, microsoft exchange server, microsoft management, microsoft shares, operating income, quarter results, quarterly results, strategic partnership, time search, twitter, web cast