Microsoft announces record Q3 earnings of $16.43 billion in revenue, $5.23 billion of net income driven by Office, Kinect products
Driven by strong growth in its Business and Entertainment & Devices divisions, Microsoft posted record Q3 2011 revenues of $16.43 billion — a 13% increase year-over-year. “We delivered strong financial results despite a mixed PC environment, which demonstrates the strength and breadth of our businesses,” said Microsoft’s chief financial officer, Peter Klein. “Consumers are purchasing Office 2010, Xbox and Kinect at tremendous rates, and businesses of all sizes are purchasing Microsoft platforms and applications.” The company posted $5.71 billion in operating income, $5.23 billion in net income, and $0.61 earnings per share — a 10%, 31%, and 36% increase respectively year-over-year. Microsoft also noted strong revenues from its Online Services division — which includes search — up 14% from Q3 of 2010.
This post originally appeared on BGR.com