Microsoft Earnings Not as Bad as Expected
After fighting a weak PC market, Microsoft Corp (NASDAQ:MSFT) reported flat earnings in the final quarter of 2011. The good news: Microsoft increased sales of servers, Xbox games, and Microsoft Office software while reducing losses at its Bing search engine.
In Microsoft’s second quarter through December net income was $6.62 billion, a slight drop from $6.63 billion a year ago. Earnings per share were 78 cents, a one-cent increase from a year ago. Revenue was up 5 percent to $20.89 billion.
Earnings reported after market close on Thursday were better than expected by analysts polled by FactSet. The predicted 76 cents per share. But sales were below the $20.92 billion expected.