Microsoft reports earnings of US$5.23bn for fiscal Q3

- Friday, April 29, 2011

Microsoft reports earnings of US$5.23bn for fiscal Q3

Microsoft (Nasdaq: MSFT) saw its net profit grow 31% year-on-year to US$5.23bn during the third quarter of its fiscal 2011, ended March 31, according to financial results released by the company.

For the quarter, Microsoft's revenue grew 13% to US$16.4bn, from US$14.5bn a year ago.

Microsoft's Business Division revenue grew 21% year-over-year to US$5.25bn during the quarter, while its Windows and Windows Live Division was down to US$4.44bn, from US$4.65bn in 3Q10.

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The company's Online Services Division revenue grew 14% to US$648mn, from US$566mn in the year-ago period, mainly driven by an increase in search revenue. According to Microsoft, Bing's US search share increased to 13.9% during the quarter.

The Microsoft Server and Tools division grew 11% year-over-year to US$4.1bn, seeing its fourth consecutive quarter of double-digit growth. In its Entertainment and Devices Division, Microsoft reported revenue growth of 60% year-on-year to US$1.93bn.

The company confirmed its operating expense guidance of US$26.9bn-27.3bn for the full year ending June 30.

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