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MSFT, TTWO, RNOW were Top Software Stocks

Microsoft Corporation, Take-Two Interactive Software, and RightNow Technologies were the Top Software Stocks today

 



(EMAILWIRE.COM, October 24, 2009 ) Dallas, TX - Microsoft Corporation (NASDAQ:MSFT) was one of the gainers of today`s trade and rallied 5.38% or $1.43 to close at $28.02 on over 276.80 million shares after its profits for the July to September period and has exceeded analysts expectations. The Redmond, Washington-based company reported third quarter net income of $3.6 billion, or 40 cents per share, compared with $4.4 billion, or 48 cents per share, in the year-ago period. On average, Wall Street analysts expected a lower profit of 32 cents per share.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was one of the most active gainers in trade today as it rallied over 6.56% to end the day`s trade at $11.86 on huge volume of 8.40 million shares. The stock made an intraday high of $12.50 and an intraday low of $11.13 respectively. Take-Two Interactive Software, Inc. is a global publisher, developer and distributor of interactive entertainment software, hardware and accessories. The Company operates in two segments: publishing and distribution.

RightNow Technologies (NASDAQ:RNOW) jumped 14.55% or $2.06 to end the day`s trade at $16.22 on over 748K shares after announced that for fourth quarter of 2009, it expects revenue to be in the range of approximately $39-$40 million, net income (loss) per share to be in the range of $(0.01)-$0.01, non-GAAP net income per share, which excludes stock-based compensation, to be in the range of $0.04-$0.06 and net income of $1.400-$2.100 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $39 million, net income of $2.01 million and EPS of $0.07 for fourth quarter of 2009; revenues of $149 million, net income of $9.55 million and EPS of $0.31 for fiscal 2009. Today the stock also created a new 52-week high at $16.51. RightNow Technologies (RightNow) provides on demand customer relationship management (CRM) software and services.

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