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Xbox Fuels 1Q Microsoft Profit

26 Oct, 2006 By: Erik Gruenwedel

Strong sales of the Xbox 360 video game console, software and related products helped Microsoft Corp. Oct. 26 post first quarter (ended Sept. 30) net income of $3.48 billion compared to $3.14 billion during the same period last year.

Revenues for the Redmond, Wash.-based software behemoth were $10.81 billion, up 11% from $9.7 billion last year. Microsoft said it has sold 6 million Xbox 360 units.

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