Update: Microsoft quarterly revenues exceed expectations

Microsoft kicked off its first quarter of fiscal 2012 with solid growth, reporting a 7 percent increase in revenue, compared to a year ago, and a 6 percent increase in net income. Overall, Microsoft reported first-quarter revenue of $17.37 billion, beating the consensus estimate from financial analysts of $17.24 billion, according to Thompson Reuters. Net income for the quarter ending Sept. 30 was $5.74 billion, or $0.68 per share, in line with analysts' consensus estimate.

Source: http://www.infoworld.com/d/the-industry-standard/microsoft-quarterly-revenues-exceed-expectations-176786

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