Net income increased by 6% to $5.74b
Microsoft has reported first-quarter revenue of $17.37b for the quarter ended 30 September 2011, a 7% increase from the same period of the prior year.
The company posted operating income, net income, and diluted earnings per share of $7.20b, $5.74b, and $0.68 per share for the quarter, which represented increases of 1%, 6%, and 10%, respectively, when compared with the prior year period.
Microsoft chief financial officer Peter Klein said they saw customer demand across the breadth of their products, resulting in record first-quarter revenue and another quarter of solid EPS growth
"Our product portfolio is performing well, and we’ve got an impressive pipeline of products and services that positions us well for future growth," Klein said.
The Microsoft Business Division reported $5.62b in first quarter revenue, an 8% increase from the prior year period which included the launch of Office 2010.
A double-digit growth was seen in revenue from Microsoft’s productivity server offerings, including Lync, SharePoint, and Exchange, and the Dynamics business grew 17% in the quarter.
The Server & Tools segment posted $4.25b in first quarter revenue, a 10% increase over the prior year period, while Windows and Windows Live Division revenue was $4.87b, a 2% increase over the prior period.
Microsoft chief operating officer Kevin Turner said they had another strong quarter for Office, SharePoint, Exchange, and Lync, and saw growing demand for their public and private cloud services including Office 365, Dynamics CRM Online, and Windows Azure
"With a great set of consumer products like Windows 7 PCs, Windows Phone 7.5, Xbox and Kinect, we are excited about the holiday buying season," Turner said.
The company expects operating expense guidance, including Skype and the associated acquisition-related expenses, for the second quarter to be in the range of $28.6b to $29.2b.
