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Microsoft Q1 profits up on Windows sales

Posted by iMark - 2005-10-28

Microsoft Corp. today posted an increase in quarterly profit on robust sales of its Windows software for personal computers but offered a forecast of revenue for the current quarter that was below Wall Street's expectations.

In the company's fiscal first quarter, which ended Sept. 30, net income reached $3.14 billion, or 29 cents per share, compared with $2.53 billion, or 23 cents per share, in the same period a year earlier.

Excluding a legal settlement charge, Microsoft said it earned 31 cents per share in the first fiscal quarter.

Analysts on average had expected the company to earn 30 cents per share, excluding the legal charge related to a settlement with RealNetworks Inc., according to Reuters Estimates.

Revenue rose to $9.74 billion from $9.19 billion a year earlier. The average analyst revenue forecast was $9.79 billion.

Microsoft forecast revenue in the current quarter of $11.9 billion to $12.0 billion and diluted earnings per share of 32 cents or 33 cents.

Analysts had expected revenue of $12.26 billion in the current quarter.

The company also said it would accelerate its stock repurchase plan, aiming to finish the remaining $19 billion buyback no later than December 2006.

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