Windows 8 lifts Microsoft's profit 19%

mgn online
Friday, April 19, 2013 - 6:00am

Microsoft reported a quarterly profit Thursday that rose from year-ago results, buoyed by the first full quarter of Windows 8 sales.

The Redmond, Wash.-based software giant said operating income in its fiscal third-quarter rose 19% to $7.6 billion, or 72 cents per share, for the period ended March 31. Analysts polled by Thomson Reuters forecast earnings of 68 cents per share.

Revenue rose 18% to $20.5 billion, meeting analysts' forecasts.

The company got a big boost from the Xbox and Kinect, sales of which grew 56% over last year. But Windows lifted earnings, with profit soaring 16%.

"While there is still work to do, we are optimistic that the bets we've made on Windows devices position us well for the long-term," said Steve Ballmer, chief executive officer at Microsoft.

Shares of Microsoft rose 1% after hours.

News

Comments News Comments

Post new Comment