Investors bruised by this year's tech-stock rout found a balm in Microsoft's fiscal second-quarter results released on Jan. 24.
In the quarter ended Dec. 31, profit jumped 79%, to $4.71 billion, or 50¢ a share, as sales climbed 30%, to $16.37 billion. Results were bolstered by a combination of strong PC sales & upgrades to Microsoft's most popular products.
It isn't immune to a further worsening in the economy, but for now its stock could be safe in a sector that's already feeling the heat from economic-slowdown.
"Everyone's so concerned about the macro condition, and software is typically a lagging indicator," says Brent Thill, director of software research at Citigroup.
Via BusinessWeek
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