Microsoft Share Price Up By More Than 5 Percent, A Day After The Company Reports Solid Profit

Posted on Apr 20 2012 - 3:07pm by Editorial Staff

Microsoft yesterday announced quarterly revenue of $17.41 billion for the quarter ended Mar. 31, 2012; a 6% increase from the prior year period with an operating income was $6.37 billion, up 12% from the prior year period.  The company today sees more than 5 percent in its share price with currently trading at $32.72 per share (up 5.51%).

“The product launches should create a positive mix effect on gross margin, as was the case in the previous two Windows launches,” Barclays analyst Raimo Lenschow said in a research note to clients. The company beat Wall Street forecasts on better-than-expected sales of personal computers.

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