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Microsoft Appears To Be Recession Proof As Revenues Rise

Amidst the ongoing credit crunch, the software behemoth Microsoft has managed to report impressive gains in both sales and earnings in its financial results for the first quarter of this year.

Microsoft’s revenues for the first quarter has increased by around 9 percent to stand at USD15.1 billion, as against USD13.8 billion for the same period a year back.

In addition the net income also soared to 48 cents a share to stand at USD 4.37 billion, from 45 cents a share, or USD4.29 billion, thereby registering a rise of 2 percent over the net income figures of the first quarter of the previous fiscal year.

The actual figures are slightly better than the previously projected figures of revenues worth USD14.8 billion and net income of 47 cents per share.

However, as against the same period of last fiscal year, company’s Windows group reported a modest rise of 2 percent in profits and shown a decline of 4 percent.

The current economic recession has also affected the software industry and Microsoft’s CFO, Christopher P. Lidell, has lowered the company’s revenues and profit forecasts for 2009.

Désiré Athow
Contributor

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at ITProPortal.com where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.