LOS ANGELES (Reuters) - Microsoft Corp results beat forecasts as business demand for its Office software held up well.
“It’s an excellent end to a record year for the company. This is a year full of all kinds of records, with Windows 7 being the best-selling windows ever and the Kinect being the fastest-selling consumer electronics device.
“What you’re really seeing is excellent cost controls. These are great results given a slower PC environment and it highlights how the company has multiple revenue streams. The $17 billion unearned revenue, which is a forward indicator of business, shows they signed a lot of deals this quarter.”
Reporting by Alexei Oreskovic in San Francisco and Jennifer Saba and Liana Baker in New York