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30°

Microsoft Profit Rises 60%, Tops Analysts' Expectations

Microsoft said its earnings in the most recent quarter jumped 60 percent, helped by a rebound in personal computer sales.

The PC industry bounced back during the 2009 holiday shopping season after one of its roughest years to date. Microsoft's earnings are closely tied to computer sales because its two most profitable divisions make the Windows operating system and the Office set of business software.

Microsoft said Thursday its net income for the fiscal second quarter that ended Dec. 31 rose to $6.7 billion, or 74 cents per share. Revenue increased 13 percent to $19 billion.

Microsoft outstripped analysts' forecasts by 15 cents a share. Wall Street expected Microsoft to earn 59 cents a share on sales of $17.9 billion, according to a poll from Thomson Reuters.

green5962d ago

See... Microsoft,this is what happens when you release a great OS from the get go.Now if you can just release the Zune HD in the UK and unveil the Microsoft courier tablet.

MetalGearRising5962d ago (Edited 5962d ago )

Well done Microsoft. Anyone knows how Sony shares are just asking.

40°

15 Years Ago, Mortal Kombat (2011) Saved Gaming’s Biggest Fighting Franchise

A brutal reset, a smarter story, and a return to what made it great—Mortal Kombat (2011) revived the series.

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fortressofsolitude.co.za
italiangamer36d ago

"Gaming’s Biggest Fighting Franchise"

Press X to (seriously) doubt.

DarXyde34d ago

Underrated comment. I used to hate that game so much that any time my siblings asked me to play it, I just picked Hom and shut myself down mid-match.

Soy35d ago

And then MK1 killed it again.

DivineHand12534d ago (Edited 34d ago )

15 years went by so fast. I remember playing through the story mode at launch.

50°

44% of games industry professionals have considered leaving the industry as a result of redundancies

New report from Skillsearch found that 22% of those surveyed had been laid off within the past 12 months.

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gamesindustry.biz
Cockney38d ago

Well if that 44% left im sure there would be a lot less redundancies

40°

Stop Killing Games on the latest European Commission public hearing

It's a step forward for Stop Killing Games.

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rockpapershotgun.com