Microsoft reports US$6.63bn net profits for Q2

- Friday, January 28, 2011

Microsoft reports US$6.63bn net profits for Q2

Microsoft (Nasdaq: MSFT) reported net profits of US$6.63bn for Q2 of its fiscal year 2011 ended December 31, for a year-on-year decline, according to the company's latest financial results.

Net profits for 2Q11 were down from US$6.66bn during the same quarter in 2010. Microsoft's revenues for the quarter were US$19.95bn, up 5% compared with fiscal 2Q10 revenues of US$19.02bn.

The company highlighted the 55% growth in revenue for its entertainment and devices division as one of the factors behind the quarter's record revenues. According to Microsoft, the division's growth has been driven by its Kinect sensor gaming device, which boosted sales of Xbox 360 consoles, Xbox Live subscriptions and games for the console.

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Microsoft added that Office 2010 has become the fastest-selling consumer version of Office, with license sales already more than 50% ahead of Office 2007 sales during an equivalent period. Also during the quarter, Microsoft completed the integration of its search engine Bing with Yahoo! in the US and Canada.

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