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Microsoft says its’ fiscal third-quarter revenue grew by 13%, with the entertainment
and devices division seeing $1.94 billion in revenue (a 60% increase year over
year).
Microsoft said it had a revenue of $16.43 billion for the quarter that ended March 31,
which beat what analysts had expected: $16.19 billion in revenue (a 12% increase).
Net income was up 31% from last year at $5.23 billion- or 61 cents share. Analysts
Microsoft Business Division revenue grew 21% over the same quarter in 2010 to
$5.25 billion.
Server & Tools revenue grew 11%, the fourth consevutive quarter of double-digit
growth.
Even though Windows 7 is the fastest selling OS in history, revenue from the
segment was down 4% in the third quatrer. Microsoft said that was in line with the PC
trends.
The Windows Division saw revenue of $4.45 billion in the last quarter.
Microsoft noted that PC sales were down 8%, and netbooks down 40%.
The Online Services Division revenue grew 14% to $650 million, primarily driven by
Microsoft said online ad revenue grew 17%, driven by search and display growth.
Click here if you would like to go to the full story from TechFlash.
Google Gets Sued Over Location Tracking
Two women from Michigan are sueing Google for $50 million for privacy violations.
The women also want to put a stop to the company from tracking user’s location.
Last week, Google announced that it does collect location information which includes
According to Google, this information cannot be traced and can be turned off by
This lawsuit is similar to the one recently filed in Florida against Apple.
Click here if you would like to go to the full article from Site Trail.
Sony held a press conference this week in Tokyo to reveal their upcoming tablets
products.
Sony will make its initial presence in the tablet market by introducing two devices, the
The S1 will focuc more on Sony’s Qriocity feature and is shaped like a folded
magazine. It will use a Tegra 2 processor and will have customized features that will
The S2 will be a dual screen clamshell tablet device that comes with a 5.5 inch
pocket.
Both devices will be PlayStation Certified, which mneans it will possess the same
Click here if you would like to go to the full article from Site Trail.
Expedia’s Q1 Revenues Jump 15%, but Earnings Drop
Expedia reported that first-quarter revenues increased to $822 million from $717.9 million a
The company reported that net income fell to $52 million, or 19 cents per share, from $59.4
After adjustments, Expedia reported adjusted earnings per share of 25 cents, down from
Analysts polled by Thomson Reuters First Call expected earnings of 26 cents per share for the
Officials explained the jump in first-quarter revenue, saying that hotel room nights grew by 15%
Click here if you would like to go to the full article from Tech Flash.