Microsoft Profit Up; Forecast Mixed
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Microsoft Corp.'s quarterly earnings rose 11 percent over the comparable quarter last year, with strongest growth in sales of server software.
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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 Corp.  said on  Thursday it eked out a gain in net profit despite taking a $1  billion charge to pay for repairs to its Xbox 360 game  consoles.
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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 game consoles.
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Microsoft Corp.  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  reported a rise in  quarterly profit on Thursday, boosted by strong sales of its  Windows operating system, and the company raised its full-year  profit outlook, sending its shares up 4 percent.
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Microsoft sees quarterly profits rise 23% following demand for its Halo 3 video game and Windows operating system.
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Oracle Corp.  on Thursday  posted a higher quarterly profit, helped by  stronger-than-expected new software license revenue.
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Microsoft reported surprising strong quarterly sales and profit growth, well ahead of Wall Streetâs expectations, which sent its stock up 12 percent in after-hours trading.
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Microsoft Corp.  on Thursday  posted a 23.5 percent drop in quarterly net profit, but raised  its outlook for the current fiscal year as orders for upcoming  products exceed expectations, lifting its shares by 6 percent.
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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 Corp. , the world's largest software maker, on Thursday said its first quarter profit climbed as personal computer sales and business demand fueled higher sales.
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Microsoft Corp. is expected to report a sharp rise in quarterly profit Thursday, boosted by surging revenue as strong computer sales drive demand for its Windows operating system and Office software.
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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 posted a record $16.4 billion in revenue during the company's second business quarter, shattering its previous record by $2 billion. The software giant also blew away Wall Street expectations by recording a 92 percent rise in quarterly earnings in comparison with the year-earlier period.
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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. said its fiscal first-quarter profit rose 23 percent compared to last year, bolstered by brisk sales of the new "Halo 3" video game, Windows and Office.