Microsoft Corporation reported its first-quarter results that exceeded analysts' expectations, with profits up 2 per cent to $4.37 billion.Sales rose 9.4 per cent to $15.1 billion in the quarter that ended on September 30.
sales for the full fiscal year, ending June 30, 2009, would be between $64.9 billion to $66.4 billion.
The company plans to save $500 million by slowing down on hiring, travel and marketing, Bloomberg financial news reported.
Revenue in the Microsoft Business Division, mainly Office programmes, climbed 20 per cent last quarter to $4.95 billion. Xbox sales dipped 6 per cent, but this was less than the 26 per cent decline the company had forecast.
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