Zeus
10-25-2007, 05:42 PM
Microsoft has lifted its full year estimates after it posted a 23% increase in quarterly profit thanks largely due to demand for both Windows software and the success of Halo 3 which resulted in its shares rising up by 12 percent.
The world's largest software maker beat even Wall Street's most bullish forecast with a net profit of $4.29 billion, or 45 cents per diluted share, in its fiscal first quarter, up from $3.48 billion, or 35 cents per diluted share, a year earlier.
Revenue rose 27 percent to $13.76 billion in the three months ended Sept. 30.
News Source: <a href="http://www.canada.com/topics/technology/games/story.html?id=67221621-4b71-4307-986f-87feaf11179c&k=23295" target="_blank">Canada</a>
The world's largest software maker beat even Wall Street's most bullish forecast with a net profit of $4.29 billion, or 45 cents per diluted share, in its fiscal first quarter, up from $3.48 billion, or 35 cents per diluted share, a year earlier.
Revenue rose 27 percent to $13.76 billion in the three months ended Sept. 30.
News Source: <a href="http://www.canada.com/topics/technology/games/story.html?id=67221621-4b71-4307-986f-87feaf11179c&k=23295" target="_blank">Canada</a>