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BEIJING, July 22, 2011 - (ACN Newswire) - Chinaqualitycrafts.com reports that Microsoft on Thursday announced a financial report of the fourth quarter. It shows that the net profit of Microsoft in the fourth quarter is $5.87 billion. The earning is 69 cents per share. Microsoft's net profit in the same period of last year was $4.52 billion. The earning was 51 cents per share.
Microsoft's fourth-quarter net profit easily beat the analyst's expectations. Analysts on average forecast that Microsoft's net profit was 58 cents per share.
Chinaqualitycrafts.com points out that Microsoft's revenue of the fourth quarter is $ 17.37 billion, an increase of 8% than the same period of last year, exceeding analysts' average forecast of $ 17.23 billion. Office, Xbox games and server software that support cloud computing are the main factors to promote sales growth.
However, the slow PC sales growth also had an impact on Microsoft. Chinaqualitycrafts.com analyzes that one reason is that the Internet Tablet PC sales growth caused a sharp decline in the sales of netbooks. Intel on Wednesday warned that this year's PC sales are not as strong as previously expected. The sales of the software of Windows operating system that is pre-installed in the most PC declined for the second consecutive quarter.
Contact:
http://www.chinaqualitycrafts.com/
Email: my@chinaqualitycrafts.com
Topic: Press release summary
Source: Chinaqualitycrafts.com
Sectors: Daily Finance, IT Individual
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From the Asia Corporate News Network
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