Microsoft profit rises on PC demand
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Thu, 25 Oct 2007 20:20:03 GMT |
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SEATTLE (Reuters) - Microsoft Corp posted a rise in quarterly profit on Thursday, boosted by healthy demand for personal computers loaded with its Windows operating system and strong sales of its "Halo 3" video game.The world's largest software maker said net profit in its fiscal first quarter totaled $4.29 billion, or 45 cents per diluted share, versus a profit of $3.48 billion, or 35 cents per diluted share, a year earlier.Revenue rose 27 percent to $13.76 billion in the three months ended September 30.Analysts, on average, had forecast 39 cents per share in first-quarter profit on revenue of $12.54 billion, according to Reuters Estimates.Market research firms Gartner and IDC said global PC shipments rose about 15 percent in the September quarter, which helped Microsoft as well as the quarterly results of chip maker Intel Corp . Microsoft also enjoyed strong sales of "Halo 3," the latest installment of its flagship shooter game franchise.As of the close of Wednesday trade, Microsoft shares had fallen about 1 percent since it reported quarterly results in July compared with 2 percent declines for both the S&P 500 and Nasdaq.(Reporting by Daisuke Wakabayashi)
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