Microsoft profit up 60% to 6.7bn
Microsoft Corp. said on Thursday that the company’s earnings in the most recent quarter jumped as mush as 60 per cent. The earnings have reportedly been boosted by the rebound in personal computer sales.
During the holiday shopping season back in 2009, the sales of PC industry bounced back after almost a year long rough sales.
Microsoft’s earnings have been closely tied to computer sales because its two most profitable divisions make the Windows OS and the Office business software.
Microsoft’s net income for the second financial quarter, ending Dec. 31, rose to USD 6.7 billion as compared to the USD 4.2 billion in the year-ago period.
The company revenues grew 14 per cent to USD 19 billion.
The revenue from Windows grew 70 per cent as the latest version of Windows, called Windows 7, was released during the quarter.
Ericsson profit falls 92%
Ericsson AB, the world’s largest maker of wireless networks, has reported a 92 per cent drop in the company’s fourth quarter profit, as the phone companies reduced spending.
Ericsson’s net income dropped to USD 43.4 million or 314 million kronor from 3.89 billion kronor a year earlier, the company said in a statement.
The Stockholm based company was however anticipating a profit of 2.5 billion kronor.
Nintendo profits sink on Wii woes
Japanese video game giant Nintendo revealed on Thursday that the company has seen a drop in the profits and has slashed its full-year forecasts as sales of its blockbuster Wii video game console have dropped as well due to the lack of new games!
Initially quite resilient to the global economic downturn as compared to the other companies in the same industry, Nintendo, declared that the company’s interim net profit fell more than half to USD 770 million.
One of the top players in the multi-billion dollar gaming industry, Nintendo, sold 5.75 million Wii machines worldwide in this period, down from 10.1 million a year earlier. In an attempt to boost sales, Nintendo recently cut the price of the Wii by a fifth. This move also sharply affected the company’s profits.
The Kyoto-based company lowered its forecast for net profit in the full year to March 2010 to 230 billion yen, from an earlier projection of 300 billion yen, a 17.6 per cent decrease! Nintendo now expects to sell 20 million Wii consoles this year, down from a previous estimate of 26 million.
BlackBerry posts $643 million profit
BlackBerry’s makers Research In Motion (RIM) have reported a net profit of $643 million for the first quarter of the current financial year. However, the company’s quarterly revenue figures slipped from $3.46 billion to $3.42 billion from the previous quarter.
The profit figures are up from $518.3 million as reported during the previous quarter and the revenue of the company has grown by almost 53% from $2.24 billion as compared to the figures last year.
During this time, BlackBerry has reportedly added about 3.8 million net new subscribers’ accounts, taking the total to a staggering 28.5 million users.
According to figures released, the company has sold over 7.8 million smart phones during the past quarter. These sales have accounted for 81% of RIM’s revenue.
The Waterloo based wireless communications giant also forecast the second quarter revenue to be in the range of $3.45 to $3.70 billion, adding new 4.1 million subscribers in the next quarter.
According to RIM co-CEO Jim Balsillie, “The industry leading BlackBerry product portfolio is driving strong customer demand around the world and our penetration of new market segments continues to expand.”
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