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Microsoft Made $17.4 Billion In First Quarter
Things might be shaky in some Microsoft divisions, but that hasn’t stopped the software giant from posting solid revenue figures for the first quarter. Reports are that Microsoft enjoyed a 7% increase in revenues to the tune of $17.4 billion, and posted operating income of $7.2 billion with after expense income of $5.74 billion.
Clearly lots of big billion-clad figures, but even with these somewhat impressive numbers, Microsoft still didn’t manage to beat investor expectations. In fact, the Windows Operating System maker really only enjoyed a modest 2% increase in its Windows and Windows Live Division. Its Business Division on the other hand had a respectable 8% increase over the previous reporting period.
Many are speculating that these numbers won’t be enough to placate investors who would have known beforehand that the Online Division (Bing for the most part) is eating up resources and stacking up the losses inside Microsoft. Clearly this investor apathy is high on the agenda because the company moved swiftly to soothe fears and give hope for the future. In a statement released, Microsoft made it clear that: “Our product portfolio is performing well, and we’ve got an impressive pipeline of products and services that positions us well for future growth.”
Will that be enough to entice investors to stay loyal to its stock? Perhaps, but if that investor loyalty is to be sustained, Microsoft had better solve the ‘Bing Problem’.
Do you think Microsoft will ever get Bing to compete effectively against Google? Let us know your thoughts in the comments below.