Microsoft Business Solutions (MBS), the enterprise applications arm of Microsoft Corp., got a boost on Thursday when the software company released earnings for fiscal second quarter, which ended Dec. 31.
All interest pointed to reports that total company net income reached $3.65 billion, or 34 cents per share, up from 3.46 billion or 32 cents per share, in the year-ago quarter. Quarterly revenue rose to $11.84 billion compared with $10.82 billion in the year-earlier period.
But the enterprise applications division, which some skeptics began to doubt would ever deliver, handed over significantly stronger results than in past years. MBS delivered strong revenue growth for the quarter. The group posted an operating profit of $10 million vs. a loss of $17 million for the same quarter in the prior year.
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So, Microsoft adds another division that generates profit. It took a while, but they got it right evetually.
