Microsoft announced a 1st quarter 27% growth in revenue and 23% growth in net income. The Entertainment and Device Division revenue grew 91% thanks to Halo 3 and the XBox 360. The stock rose 11% in after hours trading. There was no mention of how Windows Mobile did.
In the second quarter, they are looking for a flat to -8% growth over last year's record revenue of $2.97 Billion. I guess the new Zune lineup will not help the bottom line!
From Microsoft Investor relations PowerPoint found here.
More insight can found on the SeattlePI Microsoft blog.
My CES 2008 wrap up
Read my thoughts on pocketnow here.
Posted by sskarlatos on January 16, 2008 at 08:30 AM in Bluetooth, CES, Commentary, Gadget, GPS, Tech News, Tech Tidbit, Web/Tech | Permalink | Comments (0) | TrackBack (0)
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