July 21, 2011 / 8:21 PM / 8 years ago

Instant view: Microsoft beats Street view, shares climb

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

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