For those of you who follow this sort of thing the news is out in light of their earnings report that came out today.
For January to March fiscal third quarter the company earned $4 Billion which is up by $1 Billion from the same time last year. The numbers are higher than forecast by the analysts with Microsoft revenue rising by 6% to $14.5 Billion.
The downside to today’s news is that Microsoft’s online business, which includes Web search and online advertising, continued to bleed the company profits with a reported loss of $713 million which is almost double from this time last year when the losses were $411 million.
In extended trading the shares of the company fell $1.33 or 4.2% but at the time of close they were up 6% coming to rest at $31.39 a share.
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