Microsoft Reports Record First-Quarter Results, Including Dynamics Growth
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.