Microsoft has just posted the results of its fiscal 2010 second-quarter, which ended December 31. The company reported $19.02 billion in revenue and diluted earnings of $0.74 per share, beating analyst expectations of revenues of $17.8 billion and $0.59 per share. Operating income was $8.51 billion, and net income was $6.66 billion.
Microsoft says that it sold over 60 million licenses of Windows 7 through the second quarter. Sales were driven by growth in the consumer PC market, which is up over 20% year over year.
The Online services Division reported a 5% year over year decline. Online advertising revenue is down 2%. Microsoft notes that Bing’s marketshare has been up for 7 consecutive months, and that while there is growth in search revenue, display revenue has been hurt by declines in international rates.
Microsoft, founded in 1975 by Bill Gates and Paul Allen, is a veteran software company, best known for its Microsoft Windows operating system and the Microsoft Office suite of productivity software. Starting in 1980 Microsoft formed a partnership with IBM allowing Microsoft to sell its software package with the computers IBM manufactured. Microsoft is widely used by professionals worldwide and largely dominates the American corporate market. Additionally, the company has ventured into hardware with consumer products such as the Zune and...