By Alexia Tsotsis
Microsoft (MSFT) just reported its first quarter 2012 earnings today with revenues of $17.37 billion, an 7% increase from the same period of the prior year. Microsoft’s operating income was $7.20 billion, its net income was $5.74 billion and its diluted earnings per share were at $0.68, a 10% increase from last year.
Microsoft attributed this revenue growth to across the board demand of its products,”We had another strong quarter for Office, SharePoint, Exchange, and Lync, and saw growing demand for our public and private cloud services including Office 365, Dynamics CRM Online, and Windows Azure,” said Microsoft COO Kevin Turner. Notably, Microsoft’s acquisition of Skype was also completed during this quarter.
The company beat Wall Street’s revenue estimates, which were at $17.25 billion, and hit EPS estimates, which were at$0.68 a share, square on the nose.
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