Microsoft's sales and profits jumped in the latest quarter, helped by strong results for database software and its gaming business, but the world's largest computer software maker gave a disappointing forecast for the current quarter.

The company said net income rose 11 percent to $3.5 billion, or 35 cents a share, in its fiscal first quarter ended Sept. 30. That's up from $3.1 billion, or 29 cents a share, a year earlier. Sales also jumped 11 percent to $10.8 billion.

Wall Street analysts had expected the company to post earnings of 31 cents a share on revenue of $10.7 billion.

"The solid revenue results for the quarter were at the top end of our expectations and represent a very good start to the fiscal year," Microsoft chief financial officer Chris Liddell said in a statement.

The company's server and tools business posted a 17 percent gain in sales. Revenue at its entertainment and devices division surged 70 percent, driven by sales of its Xbox gaming devices.

By: DocMemory
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