Feeds

Microsoft feasts on Vista coupons for record quarter

Profits up 65 per cent

Intelligent flash storage arrays

Microsoft posted a 65 per cent boost in its third-quarter net income thanks in large part to revenue from major new releases and upgrade coupons that promoted them. Both profit and sales for the period that ended in March surpassed analyst estimates.

Shareholders welcomed the results by driving shares up almost five per cent in extended trading. They had already risen 11 cents, or about 0.4 per cent in regular trading before the results were released. With Microsoft in the midst of two major product releases, investors have been eager for signs how Vista and Office 2007 are faring.

"We are delighted with the positive customer response these products have received," Microsoft Chief Operating Officer Kevin Turner said in a statement. There was no mention from Redmond of Dell's recent move to sell PCs running Windows XP due to customer complaints about the new OS.

Profit was $4.9bn, or 50 cents a share, compared with about $3bn or 29 cents in the same period last year. Sales grew 32 per cent to $14.4bn from $10.9bn.

Analysts on average had forecast profit of 46 cents on revenue of $13.9bn.

About $1.7bn of revenue, or 12 cents profit, actually came from the previous quarter when computer buyers snapped up coupons allowing them to upgrade to Vista and Office 2007 once they were released in January.

Microsoft forecast earnings for fiscal 2008, ending in June of next year, of $1.68 to $1.72 on revenue of $56.5bn to $57.5bn, well within the range of analyst expectations. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
Inside the EYE of the TORnado: From Navy spooks to Silk Road
It's hard enough to peel the onion, are you hard enough to eat the core?
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?