Microsoft Profit Up 11%; Forecast Is Mixed
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Microsoft Corp.&#39;s quarterly earnings rose 11 percent over the comparable quarter last year, but projections for the current quarter were mixed.
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Microsoft sees strong quarterly profits, following demand for its Halo 3 video game and computers using Windows.
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Microsoft Corp. MSFT.O on Thursday  posted higher quarterly earnings as revenue rose 12 percent,  but its shares fell after the world's largest software maker  said current quarter sales would fall below Wall Street  expectations.
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Microsoft Corp  lifted its full-year forecasts and posted 23 percent quarterly profit growth on Thursday, topping analysts' estimates on strong sales of "Halo 3" and Vista, and sending its shares up 11 percent.
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(InfoWorld) - Microsoft managed to earn a slight profit for its fiscal 2008 fourth quarter despite a billion-dollar-plus charge related to expenses the company incurred to fix faulty Xbox360 consoles. For the quarter that ended June 30, Microsoft reported net income of $3.04 billion compared to net income of $2.83 billion for the same period last year. Diluted earnings per share for the quarter were $0.31, a number that took into account a previously announced charge related to extending warranties for its Xbox 360 console. Excluding that charge, EPS for the quarter was $0.39, in line with estimates from Thomson Financial analysts. Revenue for the quarter was up 13 percent at $13.37 billion, compared to revenue of $11.8 billion for the same period last year. In a statement, Microsoft attributed revenue growth to demand for its new client OS Windows Vista, as well as business products such as SQL Server and Windows Server. Microsoft's Visual Studio developer tools and Xbox360 consoles also did well in the quarter, the company said. Microsoft said earlier this month it would take an earnings charge of more than $1 billion for its fourth quarter related to expenses for expanding its warranty coverage to Xbox 360 customers who have a certain type of hardware failure, which required an "unacceptable" number of repairs to the consoles. Microsoft revenue also was up for the year and topped $50 billion for the first time. For the 2007 fiscal year ended June 30, revenue was $51.12 billion, a 15 percent increase over the prior year, when the company reported $44.28 billion. Diluted earnings per share for the year were $1.42, which includes $0.07 in charges for certain items. Excluding those charges, EPS for the year would have been $1.49, an increase of 17 percent over the prior year when the company also adjusted for certain items and reported EPS of $1.21. For the current quarter, which began July 1, Microsoft is expecting revenue in the range of $12.4 billion to $12.6 billion, with diluted EPS in the range of $0.38 to $0.40. For fiscal-year 2008, which will end June 30, 2008, revenue is expected to be in the range of $56.8 billion to $57.8 billion, and diluted EPS is expected to be in the range of $1.69 to $1.73. However, Microsoft noted its guidance does not include the as-yet-undetermined impact of costs associated withÂ the company's acquisition of aQuantive, which is expected to close in the current quarter. Microsoft announced in May that it would purchase the digital advertising and marketing services agency.
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Microsoft Corp. MSFT.Oon Thursday  said its quarterly profit climbed as revenue rose 12 percent,  driven by demand for the company's core software products from  businesses and higher sales of personal computers and servers.
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SAN FRANCISCO (CBS.MW) -- Microsoft said Thursday that its fiscal first-quarter net income rose 11 percent from a year earlier as client software sales, server revenue and Xbox sales all rose.
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BREAKING NEWS - In early numbers from Microsoft prior to its quarterly financial results call to analysts this afternoon, the company reported revenue gains of 27% annually to $13.76 billion, and net income nicely higher by 23% annually to $4.29 billion, in what the company is calling its fastest first quarter of growth since 1999.
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Microsoft Corp. said Thursday its fiscal second-quarter profit topped analysts' expectations and climbed 79 percent, buoyed by rising sales of Windows-based personal computers.
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Microsoft Corp  signaled  confidence to a rattled stock market by raising its full-year  profit outlook above Wall Street targets and reporting a 79  percent rise in quarterly profit on Thursday.
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A Microsoft Corp. division that competes head-to-head with the open-source Linux operating system posted sharply improved financial results, helping to fuel a strong quarter for the Redmond software company.
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Microsoft Corp. (MSFT.O: Quote, Profile, Research) on Thursday posted higher quarterly earnings as revenue rose 12 percent, but its shares fell after the world&#39;s
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Microsoft Corp  posted a 7 percent gain in net profit as demand for its Office software and improved results from its online arm more than compensated for a $1.1 billion charge to repair Xbox video game consoles.
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Microsoft Corp. has announced revenue of $9.19 billion for the quarter, a 12% increase over revenue of $8.22 billion for the same period in the prior year.
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Microsoft Corp  lifted its full-year estimates on Thursday after posting a 23 percent rise in quarterly profit, helped by strong demand for "Halo 3" and computers running its operating system, sending its shares up 12 percent.
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Microsoft Corp. (MSFT.O: Quote, Profile, Research) , the world&#39;s largest software maker, on Thursday said its quarterly profit climbed as sales rose, but the company&#39;s revenue forecast
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MICROSOFT said first revenues were up by 12 per cent as the software company benefited from stronger-than-expected computer and server shipments.