Microsoft Profits Up Despite Xbox Woes
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Microsoft'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 solid growth in quarterly sales and profit on Thursday, buoyed by strong holiday sales of personal computers and video games.
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Strong sales of new and old products alike led Microsoft to its fastest first-quarter growth in eight years with the company reporting growth in all five business segments and both revenue and EPS (earnings per share) that beat analyst expectations.Revenue for the fiscal quarter ended Sept. 30 was up 27 percent at $13.76 billion compared to $10.81 billion a year ago, Microsoft said Thursday. Consensus estimates from Thomson First Call analysts were for the company to generate revenue of $12.57 billion. Microsoft&#39;s EPS for the quarter was $0.45, which also soundly beat Thomson First Call consensus estimate of $0.39. Net income for the quarter was $4.29 billion, a 23 percent increase over the $3.48 billion reported a year ago.At $5.92 billion, operating income for the quarter also had double-digit percentage growth: An increase of more than 25 percent over operating income reported for the same period last year of $4.47 billion.Microsoft&#39;s first quarter was buoyed by the highly anticipated launch of the Xbox 360 game Halo 3 on Sept. 25, just days before the quarter&#39;s close. In its first 24 hours on sale, the game brought in $170 million in sales; it became the fastest selling video game in history after being in the market for just a week and a half, according to the company.Strong performances from Microsoft&#39;s client, business, server and tools, and online divisions also contributed to revenue growth in the quarter. In particular, Microsoft said sales of its Windows Vista OS experienced double-digit growth through multi-year business contracts, and demand for Microsoft Office, Windows Server, and SQL Server was also high.Looking ahead, Microsoft said it expects to report revenue in the range of $15.6 billion to $16.1 billion for its second quarter, which ends Dec. 31. Operating income is expected to be in the range of $5.9 billion to $6.1 billion, while diluted EPS are expected to be between $0.44 to $0.46 for the second quarter, the company said.For its fiscal year 2008, Microsoft expects revenue in the range of $58.8 billion to $59.7 billion and operating income in the range of $23.3 billion to $23.7 billion. Diluted earnings per share are expected to be between $1.78 and $1.81 for the fiscal year, the company said.
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Microsoft Corp. , the world's largest software maker, on Thursday reported that its quarterly profit doubled on stronger demand for personal computers and video games as well as lower costs.
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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.
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Microsoft, the world's largest maker of computer software, reports a doubling of quarterly profits.
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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.
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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, the world's largest maker of computer software,  reports an 11% rise in  quarterly profit but says sales may disappoint in the current period.
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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 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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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 managed to earn a slight profit for its fiscal 2008 fourth quarter despite a billion-dollar-plus charge incurred to fix faulty Xbox360 consoles.
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Microsoft Corp. said its fiscal first-quarter earnings rose 11 percent, beating analysts&#39; expectations, as the company benefited from stronger-than-expected computer and server shipments.
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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 largest
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Microsoft reported today that it had earned a slight profit for its fiscal fourth quarter despite a billion-dollar-plus charge related to fixing Xbox 360 consoles.
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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.