Microsoft financials buoyed by gaming, office software

The company reports record second-quarter revenue, though year-on-year quarterly growth was more moderate

Microsoft tallied US$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 percent or 15 percent, 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 percent. Without this figure factored in, the growth rate was 15 percent.

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 percent 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 percent, 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.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags Microsoftbusiness issuesfinancial resultsMergers / acquisitions

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Joab Jackson

IDG News Service
Show Comments

Cool Tech

Breitling Superocean Heritage Chronographe 44

Learn more >

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?