Microsoft reports record-breaking financial results for Q1 2012

Earlier today, Microsoft published its financial results for the first fiscal quarter of 2012, reporting a record revenue ofб═$17.37 billion, a 17% increase year-over-year. Net income for the software giant was listed at $5.74 billion, a 6% increase year-over-year. Nearly all of Microsoft’s financial results were above expectations from industry analysts.б═

“We had another strong quarter for Office, SharePoint, Exchange, and Lync, and saw growing demand for our public and private cloud services including Office 365, Dynamics CRM Online, and Windows Azure,Б─² said Kevin Turner, chief operating officer at Microsoft. “With a great set of consumer products like Windows 7 PCs, Windows Phone 7.5, Xbox and Kinect, we are excited about the holiday buying season.Б─²

Microsoft expects revenues for the second quarter to be between $28.6 billion and $29.2 billion – a large increase as next quarter’s results will include Skype.б═