Microsoft Reports Record Profits

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Microsoft Reports Record Profits

Post by Digital Puppy » Sat Apr 28, 2007 8:24 pm

Microsoft Reports Record Profits

Robust demand for Windows Vista and the 2007 Microsoft Office system drives 72% growth in earnings per share

[quote]REDMOND, Wash. — Apr. 26, 2007 — Microsoft Corp. today announced revenue of $14.40 billion for the quarter ended March 31, 2007, a 32% increase over the same period of the prior year. This revenue drove record profits with operating income of $6.59 billion and net income of $4.93 billion. Diluted earnings per share for the quarter grew 72% to $0.50, and included $0.02 in tax benefits and $0.01 in legal charges.

These results reflect $1.67 billion of revenue and operating income, $1.14 billion of net income and $0.12 of diluted earnings per share that were previously deferred primarily related to the technology guarantee programs for Windows Vista™ and the 2007 Microsoft® Office release.

“I am extremely pleased that we delivered a quarter of strong double-digit growth for revenue, operating income and EPS,â€
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Post by slugbug » Sun Apr 29, 2007 11:23 am

In related news Dell is now offering customers the choice of Windows XP or Vista. I guess some people don't like Vista :)

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