Microsoft reports $6.66b Q1 net profit, Windows 7 'fastest selling OS in history'

Microsoft's gotta be pretty happy with its second quarter results, especially after two previousquarters of somewhat downtrodden reports. The company's posting a record $19.02 billion in revenue, a 14 percent increase year-over-year. Net income / profit was $6.66 billion. Buoyed by all that is $1.71 billion in deferred revenue for Windows 7 pre-sales, which in laymen's terms means money the company made before the fiscal quarter began but couldn't then claim it because the product (Windows 7) hadn't yet been delivered to the consumer. Speaking of the platform, Microsoft is claiming to now have "the fastest selling operating system in history" with 60 million licenses sold. A much better way for the gang in Redmond to the start the year, so now let's see how the rest of 2010 plays out.