Monday, October 30, 2006

With $10.8B Per Quarter Microsoft is still alive

If you were impressed with Google's successful financial quarter, consider this: their much-ballyhooed competition with Microsoft ends at the balance sheet, as Redmond's juggernaut pulls in as much quarterly revenue as Google will do this year.

Co-writer Jason Lee Miller was making some painful squeaking noises, caused by his observance of Microsoft's fat revenue stream. "They make this much money?" he asked. Yeah, they do. For their first financial quarter, Microsoft absorbed $10.81 billion in revenue, beating the year over year quarter by eleven percent. Net income also jumped to 35 cents per share, or $3.48 billion, for the quarter. "The solid revenue results for the quarter were at the top end of our expectations and represent a very good start to the fiscal year," said Chris Liddell, chief financial officer at Microsoft. Google had $6.1 billion in revenue for all of 2005. They are on track for $9.3 billion in 2006. Yet it's shares of GOOG that have money madman Jim Cramer shrieking that Google is the value buy, and they're well on the way to $560 per share.

Full story...


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