"Microsoft Corp., the world's largest software maker, said second-quarter profit doubled on lower stock- based compensation costs. Sales growth declined to 6.5 percent as demand slowed for Windows and Office," reports Bloomberg.
"Net income rose to $3.46 billion, or 32 cents a share, from $1.55 billion, or 14 cents, a year earlier, the Redmond, Washington-based company said today in a filing with the Securities and Exchange Commission. Sales rose to $10.8 billion, beating the $10.6 billion estimate of 22 analysts polled by Thomson Financial."
Comment: Microsoft's second quarter 10-Q SEC filing is here.
