Friday, October 26, 2007

More news - Microsoft

It's not what you think; but it is. They grow by just a little (12%) and the company earns $35 Billion.

It just means that they HAVE ALOT.

Way to go Vista; maybe now everyone won't trash it so much! At least until SP1 is relased.

-Dave



Microsoft Surges After Sales, Profit Beat Estimates (Update5)

By Dina Bass

Oct. 26 (Bloomberg) -- Microsoft Corp. shares soared to their highest level in six years after first-quarter sales beat projections by more than $1 billion, proving the new version of Windows has reinvigorated growth.

Microsoft, the world's largest software maker, rose the most in seven years on the Nasdaq Stock Market. The shares advanced $3.87, or 12 percent, to $35.86 at 12:01 p.m., the highest since July 2001. The company added about $35 billion in market value and posted the biggest gain in the Standard & Poor's 500 Index.

Sales of Windows Vista for personal computers climbed 25 percent, helping Chief Executive Officer Steve Ballmer reassure investors who'd been disappointed by the operating system's lackluster early adoption. The stock had lagged rivals this year, and the report allayed concern that Microsoft's growth depends on cracking Google Inc.'s dominance in Internet advertising.

``This is a big deal,'' said Jane Snorek, a Minneapolis- based analyst at First American Funds, which manages $55 billion in assets, including Microsoft shares. ``It will change the sentiment on Microsoft absolutely.''

Net income increased 23 percent to $4.29 billion, or 45 cents a share, beating the 39-cent average of 15 projections in a survey by Bloomberg. Sales advanced 27 percent to $13.8 billion, driven by orders for the pricier versions of Vista and the debut of the ``Halo 3'' video game.

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