Will Windows 7 Boost Second-Quarter Microsoft Earnings? Tune in Tomorrow!
For those who have now moved on from the Apple (AAPL) iPad hypefest yesterday, another tech giant will belly up to the bar and announce its earnings later today.
That would be Microsoft (MSFT), which will release second-quarter earnings after the markets close, followed by a call with Wall Street analysts.
Definitely on the agenda: The performance of the software giant’s new Windows 7 operating system over the holidays and its impact on PC sales.
Wall Street expects $17.84 billion in revenue from Microsoft in the quarter, which would be just over a seven percent increase from the same period last year. The consensus for earnings is 59 cents a share.
Also for certain: Things could not be worse than last year’s second quarter, when Microsoft first announced that the econalypse was really hurting its longtime juggernaut financial performance.
The company also announced it would be doing layoffs–for the first time–a year ago.
While most of the focus today will be on software sales, it will be interesting to see how the company’s longtime red-ink-stained online services division fares with the increased search share from its newish Bing offering.