Microsoft soars on stellar quarter
InternetNews | at | by Mike
Microsoft is beginning to look like the growth stock it was in the 1990s.
After years of dependable double-digit growth and a stock that went nowhere, Microsoft had come to resemble a mature company. But for the second time this year, the software giant posted the kind of growth that it routinely did in the 1990s.
Microsoft's first fiscal quarter sales rose 27% to $13.76 billion, the company reported late Thursday. That was about $1.2 billion more than analysts expected, and earnings of 45 cents a share were 6 cents more than Wall Street was looking for.