REDMOND, Wash.-Microsoft Corp. reported a 7-percent jump in overall revenues to $10.8 billion and an increase in operating income to $4.7 billion in the quarter, news that sent Microsoft’s stock up slightly to $26.14 per share.
Microsoft reported net income of $3.5 billion.
In the company’s mobile and embedded devices business segment, Microsoft posted increasing revenues and a narrowing loss. The segment, which includes sales of Microsoft’s smart phone and personal digital assistant operating systems, reported $91 million in revenues, up from the $63 million it posted in the same quarter a year ago. The segment clocked an operating loss of $4 million for the quarter, way down from the operating loss of $110 million in the same quarter a year ago.
