89 posts and columns on Redmond
You’d think there would be a party in Redmond, Wash. today, as software giant Microsoft soundly beat Wall Street expectations in its third-quarter earnings released today. But there are shadows too, as results were dragged down by weaker revenues for its flagship Windows unit. The report comes as Microsoft’s stock continues to lag, declining 14 percent for the year. Buzz kill!
Software giant Microsoft soundly beat Wall Street expectations in its third-quarter earnings released after the markets closed today. Microsoft said it had revenue of $16.43 billion for the quarter ended Mar. 31, 2011, which was up 13 percent from a year ago. Net income was $5.23 billion, or 61 cents per share, a rise of 36 percent.
After it struck its online advertising and search partnership with Yahoo, Microsoft tapped longtime Internet exec Brett Wayn to work with Greg Nelson durung the integration. Well, Wayn must have liked what he saw at the Silicon Valley Internet giant, since he is bouncing there from his job at the Redmond, Wash. software giant to run local efforts at Yahoo.