Microsoft posts earnings, announces Windows Phone giveaways
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Microsoft has posted its latest quarterly results, revealing a record revenue of $17.37 billion, a 7% increase over the year-ago period and ahead of market expectations. Net income was $5.74 billion, up 6%. Redmond expects to close the present quarter with $28.6 to $29.2 billion in revenue, including its $8.5 billion Skype buyout.
Microsoft's Business division, which contains Office, contributed the most to last quarter's revenue, raking in $5.62 billion, up 8%. The Windows and Windows Live division was a close second with $4.87 billion in revenue, a 2% increase on-year. The Server and Tools segment followed, posting $4.25 billion in revenue, up 10% YoY. »read more
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