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By 21 October 2011 | Categories: news

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Microsoft has announced record first-quarter revenue of $17.37 billion for its financial quarter that ended on 30 September, which is a 7% increase from the same period for the previous year.

Operating income and net income for the quarter was $7.20 billion and $5.74 billion respectively, representing growth of 1% and 6% compared with the prior year period.

“We saw customer demand across the breadth of our products, resulting in record first-quarter revenue and another quarter of solid EPS [earnings per share] growth,” said Peter Klein, chief financial officer at Microsoft. “Our product portfolio is performing well, and we’ve got an impressive pipeline of products and services that positions us well for future growth.”

Microsoft stated that its Xbox 360 was the top-selling gaming console in the US for the ninth consecutive month, whilst Gears of War 3, which was also launched during this quarter, sold more than three million copies in its first week. Other highlights of this fiscal term include Redmond showcasing and releasing a developer review of Windows 8 and the company completing its acquisition of Skype.  

"We had another strong quarter for Office, SharePoint, Exchange, and Lync, and saw growing demand for our public and private cloud services including Office 365, Dynamics CRM Online, and Windows Azure,” stated Kevin Turner, chief operating officer at Microsoft. "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.”
 
In related news Microsoft also recently confirmed that dual-core powered smartphones as well as 4G/ LTE network support for its mobile platform are on their way to Windows Phone OS running mobile devices.

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