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Microsoft Records Their Q1 2010 Earnings, Bing Takes Loss Again
Microsoft announced their Q1 2010 fiscal earnings with a 25% increase in revenue, $16.20 billion for the quarter ended Sept. 30, 2010. Operating income was $7.12 billion and net income was $5.41 billion, both up from the past. These reports beat Wall Streets expectations and the stock is currently slightly up in after hours trading.
How about Bing? Well, Bing is part of Microsoft’s Online Services Division, which took an operating loss of $560 million. That is much higher from the previous year, where they took a loss of $477 million. However, revenue did climb in that division, with $527 millions up from $487 in Q1 2009.
Microsoft also said, “For yet another quarter, Bing continued to grow market share, while achieving major milestones in implementing Microsoft’s partnership with Yahoo.”