Microsoft Beats Financial Forecasts

Lowers future expectations

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Yes, Microsoft’s search share is shrinking.  Sure, everyone hates Vista.  And of course, the corporation definitely wanted to acquire Yahoo.  None of that seemed to impact the bottom line too much, though, as Microsoft reported some pretty strong first quarter financial results.

Microsoft announced revenue of $15.06 billion for the quarter, beating estimates of $14.78 billion and up nine percent compared to the same period last year.  Earnings per share came in ahead of estimates, as well ($0.48 to $0.47).

Chris Liddell
 Chris Liddell

Chris Liddell, Microsoft’s CFO, explained in a statement, "In a challenging economic environment, the first-quarter results exhibit the strength and diversity of our business model."  He later continued, "We believe our exceptionally strong cash flow, product pipeline and financial strength will allow us to weather economic conditions well."

But the company is ready for that challenging economic environment to have an effect sooner or later.  While analysts had thought it would expect $17.96 billion in revenue next quarter, Microsoft’s now just looking for between $17.3 billion and $17.8 billion.

The environment looks ready to do some damage this morning, too.  Microsoft’s stock is down 6.09 percent in pre-market trading.

Microsoft Beats Financial Forecasts
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  • http://www.petermonroe.com/2008/10/10/peter-monroe-on-fox/ Peter Monroe

    Microsoft is solid.  It’s only competition is Apple, and that really is not much of any problem.  This will all change when GoogleOS comes out.

  • http://www.actress-hansika.com/resources.html Hansika

    Vista is a mistake from microsoft.  Unfortunately they are not ready to accept it.

  • http://www.hiatalherniatreatmentinfo.com Jack @ Hiatal Hernia Treatment

    I believe Microsoft won’t fall forever. Only Apple is one actual competitor, but it’s not even close to what Microsoft has achieved. And about GoogleOS, Google is not even thinking about creating one, it actually makes fun of all the GoogleOS buzz.

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