Microsoft this afternoon posted $16.2 billion in revenue, a record for its first fiscal quarter, and earnings of 62 cents per share, beating analysts' expectations on both counts.
"This was an exceptional quarter, combining solid enterprise growth and continued strong consumer demand for Office 2010, Windows 7, and Xbox 360 consoles and games," said Peter Klein, in the company's earnings release. "Our ability to grow revenue while continuing to control costs allowed us to deliver another quarter of year-over-year margin expansion."
Microsoft cited factors including strong initial sales of Office 2010. Revenue grew 14% to $5.12 billion in the Microsoft Business Division, which includes Office and related products. Operating profits were $3.4 billion. That made it the biggest Microsoft division for the quarter, topping the $4.8 billion in revenue and $3.3 billion in operating profits in the Windows & Windows Live Division.