Microsoft Net Income Hits $5.4 Billion

Updated: Thursday, 28 Oct 2010, 2:32 PM MDT
Published : Thursday, 28 Oct 2010, 2:32 PM MDT
By John Letzing

(MarketWatch) - Microsoft said Thursday its fiscal first-quarter net income rose to $5.4 billion, or 62 cents a share, from $3.6 billion, or 40 cents a share, in the same period last year.

The Redmond, Wash.-based software giant said revenue for the period ended in September rose 25 percent to $16.2 billion.

Analysts polled by FactSet Research had expected Microsoft to report first-quarter earnings of 55 cents a share, and $15.8 billion in revenue.

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