Sure, Mr. Softy beat revenue estimates by about $400 million this time around, to land at $16.4 billion. (Have a closer look at all of the numbers and growth rates in our Fool by Numbers feature). And it just so happens that a flagging dollar helped this multinational behemoth out with a $410 million boost in total revenues. Back that wild card out, and the Street gang was dead-on.
And if the revenue improvement still looks impossibly strong, well, you're kind of right. There are some smoke-and-mirrors tricks at work here. If you bought a Dell
That still leaves a sales increase of some $2.8 billion unaccounted for, and there's the real beef. As other worldwide tech giants such as IBM
Just in case you need one more reassuring sound-bite about the state of the global economy, Microsoft is happy to oblige. "While we are monitoring the changing economic conditions, we continue to expect double-digit revenue growth," says the 10-Q statement filed along with the usual press release. "We estimate worldwide PC shipments will grow 11% to 13%," along with continued exchange rate benefits. So things are looking good for computer salespeople, but the government can't stop the dollar's southward slide. If you ask Microsoft, that is.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. You can check out Anders' holdings if you like, and Foolish disclosure makes sense whatever the exchange rates are doing.