Microsoft's Sales Jump, Feels Confident on Future

[james2007]

Microsoft continues to see revenue trending upward, despite the tumultuous economic climate and concerns over IT spending.

The company today announced revenues of $15.06 billion for the first quarter of fiscal 2009, ended Sept. 30 -- an increase of almost $1.3 billion, or 9 percent, from the $13.7 billion it rang up during the same period a year ago.

The increase in year-over-year net income was less dramatic, however. That totaled $4.37 billion for the quarter, a rise of only $84 million, or about 2 percent, compared to the 2007 figure of almost $4.3 billion. Diluted earnings per share for the quarter came to 48 cents, on the higher end of analysts' expectations, and up from 46 cents compared to last year.

Wall Street analysts had expected earnings of 47 cents per share on revenue of $14.8 billion, according to Reuters Estimates.

"In a challenging economic environment, the first quarter results exhibit the strength and diversity of our business model," Chris Liddell, Microsoft's (NASDAQ: MSFT) CFO, said in a statement.

[drvenom]

Its nice to hear but its now pointless running race with Yahoo and Google.They need to be very smart and cunning.Microsoft should also start swallowing huge companies like Google and Yahoo does.

[drhowarddrfine]

Originally Posted by james2007

Microsoft continues to see revenue trending upward, despite the tumultuous economic climate and concerns over IT spending.

This is a lie. Microsoft has already stated revenue for the next quarter will be down, as do the analysts, and sales for the last two quarters are down from the quarters before that. I started a thread, with a link, that shows this. The trend is down, not up, and the reality is in the numbers for the whole year, not comparing this quarter to a year ago.

[drhowarddrfine]

Here's an article in today's NYTimes.

[Eestern]

its not already apparent to the public, but if microsoft doesnt act fast, they could lose alot of their consumer grade business, dont alienate the consumer lol.

[jik34]

Microsoft i think will stay up, and the sales.80% of Globe use it, so i see microsoft sales, revenue trending upward.

[drhowarddrfine]

Well, jik34, you are already wrong since revenue has been down for two straight quarters and Microsoft, itself, has already stated it will be down next quarter, too.

[jik34]

@drhowarddrfine: when you have the best developers in the world you can't fail.
/jik

[logylaps]

Originally Posted by jik34

when you have the best developers in the world you can't fail.

Everything is possible with m$

[drhowarddrfine]

Originally Posted by jik34

@drhowarddrfine: when you have the best developers in the world you can't fail.
/jik

Tell that to Digital Equipment Corp (DEC) and Data General.