Microsoft’s results better than expected

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Microsoft’s profit climbed two per cent last quarter – cheerful news given the current state of the economy.

Profit for the quarter ending 30 September hit $4.37 billion (£2.81 billion). The software giant also posted record first quarter revenue up nine per cent from the same quarter last year, topping $15 billion and beating analysts expectations

“In a challenging economic environment, the first-quarter results exhibit the strength and diversity of our business model,” claimed Chris Liddell, Microsoft's chief financial officer.

And while the firm did reduce its outlook, it was by less than many had feared. Liddell said: “We feel extremely good about our relative competitive position and our ability to continue outgrowing IT spend. We believe our exceptionally strong cash flow, product pipeline and financial strength will allow us to weather economic conditions well.”

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