Crossroads

At the intersection of technology, finance and the Pacific Rim.

Friday, April 23, 2010

Microsoft

From the class, you may have received the impression that MSFT was poorly positioned for the next generation of technology that is now being unveiled by Apple and Google. While that is true that is not stopping the Company from performing from a financial view. In fact, MSFT yesterday announced that earnings were up 35% from a year ago. the NY Times reports:

Rising sales of Microsoft’s flagship Windows software carried the company through the first part of the year, as it matched some of its fellow technology heavyweights by reporting record sales.

Microsoft’s net income rose 35 percent, to $4.01 billion or 45 cents a share, from $2.98 billion, or 33 cents, in the period a year ago. The company, based in Redmond, Wash., reported revenue of $14.50 billion, a 6 percent rise from $13.65 billion in the quarter a year ago.

Apple also reported this week and it was also a record performance. The NY Times reported:

"The company said on Tuesday that iPhone sales surged 131 percent in the most recent quarter, to 8.75 million units, helping Apple deliver a 90 percent rise in profit and a 49 percent increase in sales."

Apple stock was up 6-7% after the announcement.




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