Microsoft tops its earnings expectations

Solid sales of Xbox help home and entertainment unit revenues jump 9 percent.

The Redmond, Wash.-based company said it earned $2.9 billion, or 27 cents per share, on revenue of $9.19 billion for the three months ended Sept. 30. That compares with earnings of $2.6 billion, or 24 cents per share, on revenue of $8.22 billion in the same quarter a year ago. In July, Microsoft forecast revenue of $8.9 billion to $9 billion, with earnings per share of 25 cents, including about 5 cents per share in stock-based compensation expenses. Microsoft said Thursday that its per-share earnings included 5 cents worth of compensation-related charges.

"We've had a strong beginning to what we expect will be a very good year with continued growth in both our commercial and consumer businesses," Microsoft CFO John Connors said in a statement. "This quarter, we had a very healthy commercial server and desktop business driving double-digit revenue growth, and we expect to continue the trend of growing revenue faster than expenses as we work to make each of our businesses more efficient and profitable."

News source: GameSpot

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