Microsoft reported a first quarter net income of $3.48 billion, or 35 cents per share, versus $3.14 billion, or 29 cents per share, a year ago. Revenue from server and database products increased 17%, showing strong sales growth in both Windows Server 2003 and SQL Server 2005. Office 2007 and Windows Vista are set for corporate launch this quarter and will be released to consumers next quarter.
"The server business has been going gangbusters for this company for several years now,'' said Charles Di Bona, an analyst with Sanford C. Bernstein in San Francisco. He rates the shares "outperform'' and said he doesn't own them. "It's a hidden gem. It's a real growth engine for the company.''
Bloomberg
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