Microsoft profit meets Street view, Windows weak
The world's biggest software company reported net profit of $5.74 billion, or 68 cents per share, up from $5.41 billion, or 62 cents per share, a year ago.
That met Wall Street's average estimate, according to Thomson Reuters I/B/E/S. It is the first time in 10 quarters that MICROSOFT (MSFT.NQ)has not exceeded the average estimate.
Overall sales rose 7 percent to $17.37 billion, helped by its Office product, which remains popular with businesses even in the difficult global economy.
Windows sales edged up only 2 percent, in line with limp personal computer sales last quarter.
Microsoft's shares, which have traded in the $20-$30 range for the last decade, fell 0.5 percent in after-hours trading, to $26.87. They closed at $27.04 on Nasdaq.
(Reporting by Bill Rigby; Editing by Richard Chang)