Microsoft fiscal 1Q earnings match analyst views

0
10

REDMOND, Wash. (AP) — Microsoft’s earnings for the latest quarter edged up 6 percent to match analyst estimates.

The results for the July-September period were highlighted by revived growth in the division that includes software maker’s Windows franchise. It’s the first time that Microsoft has posted a year-over-year gain in Windows revenue since the end of 2010.

Microsoft Corp. earned $5.7 billion, or 68 cents per share, for its fiscal first quarter. That compared with net income of $5.4 billion, or 62 cents per share, at the same time last year. The earnings matched the average estimate among analyst surveyed by FactSet.

Revenue increased 7 percent from last year to $17.3 billion — about $130 million above analyst forecasts.