Microsoft today reported financial results for Q2 with record revenue of $19.95 billion. Here are the highlights:
Among the factors driving Microsoft's record revenues and earnings per share was the 55% growth in revenue for the Entertainment and Devices Division, as the success of the Kinect sensor boosted sales of Xbox 360 consoles, Xbox Live subscriptions and Xbox games.
Microsoft Business Division revenue grew 24% year-over-year. Office 2010 is the fastest-selling consumer version of Office in history, with license sales over 50% ahead of Office 2007 over an equivalent period following launch.
Among the other product and business highlights Microsoft reported in the quarter:
-Microsoft announced it has now sold over 300 million Windows 7 licenses, and Windows 7 is now running on over 20% of Internet-connected PCs.
-Windows Phone 7 launched during the quarter in 30 countries and on 60 operators and nine different devices. Microsoft announced developers are adding Windows Phone 7 applications to the marketplace at a rate of over 100 per day.
-Bing completed the integration of Yahoo! search in the U.S. and Canada and continues to gain share.
-Windows Azure developer momentum continued this quarter, with Pixar Animation Studios, ADP with NVoicePay and others demonstrating compelling uses of the platform.
-Internet Explorer 9 is Microsoft?s fastest downloaded beta browser of all time with over 20 million downloads to date.
-The company announced that during the quarter, it bought back $5 billion in stock and declared $1.3 billion in dividends.