Originally published Thursday, October 23, 2008 at 12:00 AM
PrintMicrosoft's quarterly profit rises better-than-expected 2%
Microsoft said its results were buoyed through economic uncertainty by corporate customers that renewed licenses for servers and other business programs.
Microsoft's quarterly profit rose 2 percent, the company reported today, saying it was buoyed through economic uncertainty by corporate customers that renewed licenses for servers and other business programs.
The Redmond software maker said it earned $4.37 billion, or 48 cents a share, in the most recent quarter. Sales rose 9 percent to $15.1 billion.
That was better than Wall Street was expecting. Thomson Reuters said analysts predicted Microsoft would earn 47 cents a share on $14.8 billion in sales.
In the current quarter, Microsoft says it plans to earn 51 cents to 53 cents a share on sales of $17.3 billion to $17.8 billion. That's less than what analysts had been expecting.
Copyright © 2008 The Seattle Times Company
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