October 20, 2011 08:41 pm EDT

Microsoft has record Q1, rakes in $17.37 billion in revenue (updated: Skype plans revealed)

Q1 of 2012 (don't ask...) was good to Microsoft. Very good in fact. The company posted a record first quarter revenue of $17.37 billion, a 7-percent increase over the same period last year and slightly higher than the $17.26 billion that was expected. The big hero was Office which accounted for $5.62 billion of that income, though sales of Windows stayed flat and fell somewhat short of expectations. The company's $5.74 billion in net income was also a significant jump of 6-percent over the same time last year. For a few more of the financial particulars check out the earnings report after the break and the spartan spreadsheets at the source link.

Update: Wondering what Microsoft plans to do with the newly acquired Skype? Well, details are thin, but during today's earnings call the company revealed it did plan to integrate the VoIP service and its technologies into Lync, Live Messenger and Xbox Live. Soon you may not only have to listen to your friend gloat after every kill in Call of Duty, you might have to watch him do a celebratory dance in his Lazy Boy too.

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Microsoft has record Q1, rakes in $17.37 billion in revenue (updated: Skype plans revealed) originally appeared on Engadget on Thu, 20 Oct 2011 16:41:00 EDT. Please see our terms for use of feeds.

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