PC sales lift Microsoft's profits
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Microsoft's profits for the key Christmas trading quarter soar 79%, driven by strong computer sales.
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Demand for personal computers loaded with its Windows operating system and strong sales of its Halo 3 video game helped lift Microsoftâs quarterly profit to $4.29 billion.
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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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Microsoft reported its profits surged 81 percent on record-high revenues of 16.37 billion dollars in the last three months of 2007 due to intense demand for computer software.
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Hewlett-Packard Co , the  world's largest personal-computer maker, on Tuesday reported a  higher quarterly profit as it sold more PCs and server  computers.
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Microsoft  signaled confidence  to a rattled stock market by raising its full-year earnings  outlook above Wall Street targets and reporting a 79 percent  rise in quarterly profit on Thursday.
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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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Sales of personal computers increased faster in the fourth quarter of last year than expected, driven by lower prices and the move by Dell to sell through retail stores.
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Microsoft Corp. said Thursday its fiscal second-quarter earnings more than doubled, beating Wall Street estimates with strong sales of server software and its Halo 2 video game.
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The Lenovo Group, the personal computer maker, said its profit rose more than 600 percent in its latest fiscal year as it increased sales and restructured after its acquisition of I.B.M.âs PC unit. Profits were $161 million for the year, up from $22 million in the prior year. The Americas operations returned to profitability in the fourth quarter, meaning that all the global regions were profitable for the first time, the chief executive, William J. Amelio, said. Sales for the year, which ended March 31, rose 9.9 percent, to $14.6 billion, helped by strong sales of laptop and desktop computers in its home China market, Lenovo said. The company said its worldwide market share rose 0.2 percentage points, to 7.4 percent.
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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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Microsoft said its fiscal second-quarter profit topped analystsâ expectations and climbed 79 percent, buoyed by rising sales of Windows-based personal computers.
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Microsoft said Thursday that its fiscal second-quarter earnings rose sharply, beating Wall Street estimates, amid strong demand for the company's server products and heavy holiday sales of its Halo 2 video game.
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Microsoft said Thursday that it had surpassed $50 billion in annual revenue, while saying quarterly profits were up seven percent on brisk Vista sales.
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Windows, Office software lead Microsoft to record stronger-than-expected sales, as online rival Google stumbles.
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Microsoft Corp  posted a rise in quarterly profit on 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 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.