Microsoft Corp. today announced record first-quarter revenue of $17.37 billion for the quarter ended Sept. 30, 2011, a 7% increase from the same period of the prior year.  The company noted in the earnings announcement  that the Dynamics business grew 17% in the quarter starting since July. Also in the Microsoft Business Division, Lync, SharePoint, and Exchange revenue also grew by "double digits".

Operating income, net income, and diluted earnings per share for the quarter were $7.20 billion, $5.74 billion, and $0.68 per share, which represented increases of 1%, 6%, and 10%, respectively, when compared with the prior year period.  These net earnings and earnings per share met but did not exceed the average analyst estimates.

Also notable among the product-focused announcements was the completion of the Skype acquisition.

Microsoft Business Division saw revenue of $5.6B (up 8% from the same in 2010) and operating income of $3.7B (up 6% from the same in 2010). Microsoft Office generates 90% of the MBD revenue.  From the regulatory filings:

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