Microsoft profit rises 79 pct, outlook bullish
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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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YESTERDAY Close $31.51 Change +$0.59 52-WEEK High $31.84 Low $22.72 Microsoft Corp.'s fiscal fourth-quarter profit edged up 7 percent despite a hefty charge to cover the cost of defective Xbox 360 video game consoles.
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Microsoft posted a rise in quarterly profit Thursday, boosted by healthy demand for personal computers loaded with its Windows operating system and strong sales of its "Halo 3" video game.
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Microsoft's profits for the key Christmas trading quarter soar 79%, driven by strong computer sales.
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Citing continued strength in the PC and server markets, Microsoft on Thursday reported earnings that beat Wall Street expectations and a 12 percent increase in revenue for the first quarter of its 2005 fiscal year.
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Stocks rallied on Friday after a higher profit forecast by Microsoft Corp.  lifted all three major indexes and an upbeat outlook by lender Countrywide Financial Corp.  stemmed fears of financial-sector losses.
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The stock market rebounded, with Microsoft shares rising to their highest level in six years after the companyâs profit exceeded Wall Street expectations.
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Microsoft Corp. said its fiscal first-quarter earnings rose 11 percent, beating analysts' expectations, as the company benefited from stronger-than-expected computer and server shipments.
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Computer giant IBM said its fourth-quarter profit rose 12.2 percent from a year ago to 2.7 billion dollars, topping most Wall Street forecasts.
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Microsoft reported surprisingly strong quarterly profits and sales growth in its core software products, sending its stock up 12 percent in after-hours trading.
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Stocks rallied on Friday after Microsoft's upbeat outlook boosted the three major indexes and a profit forecast from lender Countrywide Financial buoyed the struggling financial sector.
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Microsoft Corp. on 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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Microsoft posted solid growth in quarterly sales and profit on Thursday, buoyed by strong holiday sales of personal computers and video games.
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Microsoft said Thursday its profit for the just-ended quarter rose 11 percent from a year ago to 3.03 billion dollars, boosted by the new Windows Vista operating system and the new Office software suite.
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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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Microsoft Corp. said its fiscal first-quarter earnings rose 11 percent, beating analysts' expectations, as the software company benefited from stronger-than-expected computer and server shipments.
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Microsoft Corp. MSFT.O, the world's  largest software maker, on Thursday said its quarterly profit  climbed as sales rose, but the company's revenue forecast for  the current quarter fell below Wall Street estimates.