Microsoft Q2 financials buoyed by gaming, office software
IDG News Service - Microsoft tallied $19.95 billion in revenue for the quarter ending Dec. 31, a record second-quarter high for the company, it said Thursday.
However, revenue growth compared to the same quarter a year ago was moderate, either 5% or 15%, depending on how the numbers from a year ago are counted.
Microsoft had added on $1.71 billion in deferred revenue reflecting the pre-order sales of Windows 7 made available in October 2009 in its second-quarter results last year. When this deferred revenue is factored in, second quarter growth rates for revenue is 5%. Without this figure factored in, the growth rate was 15%.
The company also rang up $6.63 billion in net income for its second quarter of fiscal 2011. Diluted earnings per share were $0.77 per share, another second-quarter record high.
The company's gaming and business sales led the growth, according to the company.
Revenue from Microsoft's Entertainment and Devices Division, boosted by the success of the Kinect sensor and associated Xbox 360 consoles, grew by 55% from a year ago. The company noted that 8 million units of Kinect were sold within 60 days of its launch.
Revenue from the Microsoft Business Division revenue grew 24%, fueled by the steady demand of Office 2010, released last June. "Office had a huge quarter, exceeding everyone's expectations" said Kevin Turner, Microsoft chief operating officer, in a statement.
Microsoft also announced that has now sold over 300 million Windows 7 and that the Internet Explorer 9 beta has been downloaded over 20 million times.
In this quarter, which ended December 31, bought back $5 billion in stock and declared $1.3 billion in dividends.
- How Microsoft's CEO sees growth for Windows Phone and Lumia
- Microsoft wants you to forget Windows 8
- Microsoft again writes off Surface inventory, renews profitability doubts
- 'Nadella Effect' makes Ballmer $2.8B richer
- Microsoft reveals bankruptcy of devices strategy by dumping Nokia feature phones
- Microsoft may drag out layoffs for a year
- Surface survives Microsoft cuts, but tablet strategy remains muddled
- As it lays off workers, Microsoft also kills its low-end Nokia X smartphones
- How Microsoft announces layoffs will show the company's PR IQ
- Why Microsoft isn't spooked by the Apple-IBM alliance
- Aberdeen Group: Marketing Analytics for Manufacturing: Forging Customer Insights There are no recalls for poor marketing. Manufacturers need to get their customer intelligence and messaging right the first time. Learn how.
- The Brave New World of Customer-Centric Manufacturing The Unique Opportunity for Manufacturers to Better Understand their Consumers
- See the Possibilities Utilizing Data Visualization Do you simply want to collect data, or do you want to derive business insights from it? What if you could quickly and...
- Big Data, Big Mess: Sound Risk Intelligence Through Complete Context This paper examines the insecurity of the small businesses in the supply chain and offers tips to close those backdoors into the enterprise.
- NSS Labs & Cisco Present: Evaluating Leading Breach Detection Systems Today's constantly evolving advanced malware and APTs can evade point-in-time defenses to penetrate networks. Security professionals must evolve their strategy in lockstep to...
- Will the Real Endpoint Threat Detection and Response Please Stand Up? This webinar explores new technologies & process for protecting endpoints from advanced attackers as well as the innovations that are pushing the envelope... All IT Industry White Papers | Webcasts