Microsoft posts Q1 net of $3.57 b

Sales fell 14 per cent to $12.92 billion, partly reduced by a deferral of $1.47 billion in revenue to future quarters related to Microsoft offering a free upgrade to Windows 7 for recent buyers of the predecessor Vista system. That beat analysts’ average forecast of $12.31 billion.

Microsoft’s results follow better than expected earnings from technology rivals like Intel, Google and Apple.

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