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| Microsoft CEO Steve Ballmer |
The world's Largest software company released its first-quarter fiscal 2012 financial results after market close today.The company’s revenue for the first quarter of fiscal 2012 climbed 7% on a year-over-year basis to $17.37 billion.
Analysts were on average expecting the maker of Windows operating system to report earnings of $0.68 per share and revenue of $17.24 billion.
Peter Klein, CFO of Microsoft, said that the company saw customer demand across the breadth of its products, resulting in record first-quarter revenue and another quarter of solid earnings growth.
Microsoft’s first-Quarter revenue from Windows sale rose less than 2%, reflecting the weakening demand for PCs. Growing economic uncertainty has led to a decline in technology spending, hurting demand for PCs.
Microsoft's shares, which have traded in the $20-$30 range for the last decade, fell 0.7 percent in after-hours trading, to $26.85. They closed at $27.04 on Nasdaq.
