Apple wasn’t the only one bringing in record amounts of cash last quarter. Microsoft today reported revenue of $17.37 billion for their quarter ending September 30. While this should be good news, the stock value dropped on the report, but mostly rebounded by the end of the day.
Microsoft’s revenues were up 7 percent if you compare the numbers to the same time period last year. And the reported revenues set a record for their fiscal year first-quarter. The diluted earnings per share came to $0.68, which increased 10 percent over the prior year period.
By comparison, for Apple’s quarter ending September 24, they also reported record quarterly revenues. Their revenues of $28.27 billion were up 39 percent from the previous year, with a net income of $6.62 billion. The diluted earnings per share were $7.05 up from $4.64 the previous year, a 52 percent jump.
The Windows and Windows Live Division of Microsoft, the division perhaps most directly in competition with Apple, reported revenues of $4.87 billion. That’s up 2 percent from the previous year, which is in line with general PC market performance. By comparison, Mac sales rose 26 percent for the same time period.
Bringing up the average, the Business Division reported revenues of $5.62 billion, up 8 percent from last year, and the Server & Tools segment reported revenues of $4.25 billion, up 10 percent from the previous year. For the Server & Tools segment, that was the sixth straight quarter of double-digit growth.
Given the condition of the current economy, record revenue-producing quarters are something to be noted.