Microsoft announced on Thursday, a record first-quarter revenue of $16.20 billion for the quarter ended September 30.
The financial figures are a 25% increase from the same period of the prior year. Microsoft says this revenue growth was driven by a strong performance from Windows 7, Xbox 360 and Office 2010. “This was an exceptional quarter, combining solid enterprise growth and continued strong consumer demand for Office 2010, Windows 7, and Xbox 360 consoles and games,” said Peter Klein, chief financial officer at Microsoft. “Our ability to grow revenue while continuing to control costs allowed us to deliver another quarter of year-over-year margin expansion.”
Analysts, polled by Factset Research, were expecting Microsoft to post earnings of 55 cents per share however the software giant breezed past the estimates to report earnings of 62 cents per share. Microsoft recently revealed that the company has sold 240 million Windows 7 licenses. Office 2010 is also the company’s fastest selling consumer version of Office after selling six million copies since its release in June.
“We are seeing improved business demand and adoption. Our enterprise agreement rates were strong, reflecting business commitment to Windows 7, Office 2010, and our server and database products,” said Kevin Turner, chief operating officer at Microsoft. “Customer demand and excitement for our cloud and commercial online services continue to grow as demonstrated by major new customer wins this quarter for Windows Azure and by the significant customer interest in our recently announced Office 365 service.”