Microsoft’s Fiscal 1Q Earnings Hit Analyst Target
Microsoft seems to be doing well in the sluggish economy according to its latest fiscal numbers — a little. While its company is still at the top of the software charts, some are worried about the companies rivals that are not directly in relation to the personal computer.
Microsoft’s stock price has been held back by worries that it isn’t adapting quickly enough as more people use smartphones and computer tablets such as Apple’s iPad instead of desktop and laptop computers that run on the Windows operating system. Three consecutive quarters in declining Windows revenue reinforced those concerns.
That slump ended in the latest quarter as revenue in the Windows division crept up nearly 2 percent to $4.87 billion. The modest gain was slightly below the 3.2 percent to 3.6 percent rise in personal computer shipments during the quarter, based on estimates by Gartner Inc. and IDC.