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Microsoft profit beats Street

Microsoft Corp. (MSFT-Q) reported a greater-than-expected 51 percent jump in quarterly profit Thursday, helped by higher sales of its flagship Windows and Office software and the launch of the latest blockbuster Halo video game.


The world's largest software company posted a fiscal first-quarter profit of $5.4 billion US, or 62 cents per share, up from $3.6 billion, or 40 cents per share, in the year-ago quarter.


That beat Wall Street's average forecast of 55 cents per share, according to Thomson Reuters.


Sales rose 25 percent to $16.2 billion, ahead of analysts' $15.8 billion average forecast.


Chief Financial Officer Peter Klein said the company had not seen any adverse effect on sales of computers running Windows due to Apple Inc.'s popular iPad tablet device. CTV Two CTV News CTV News Channel BNN - Business News Network CP24