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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Buoyed by continued strong worldwide sales of personal computers, the Microsoft Corporation yesterday reported strong growth in profits and sales even as it faces the challenges of being a mature technology company.
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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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Stocks finished higher on Friday after an increased profit forecast by Microsoft Corp. boosted all three major indexes, while an upbeat outlook by lender Countrywide Financial Corp. stemmed fears of financial-sector losses.
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Microsoft Corp. has announced revenue of $9.19 billion for the quarter, a 12% increase over revenue of $8.22 billion for the same period in the prior year.
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Microsoft Corp. MSFT.O on Thursday  posted higher quarterly earnings as revenue rose 12 percent,  but its shares fell after the world's largest software market  said current quarter sales would fall below Wall Street  expectations.
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Microsoft Corp  lifted its full-year forecasts and posted 23 percent quarterly profit growth on Thursday, topping analysts' estimates on strong sales of "Halo 3" and Vista, and sending its shares up 11 percent.
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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. (MSFT.O: Quote, Profile, Research) on Thursday said its quarterly profit climbed as revenue rose 12 percent, but its shares fell as investors failed to account for the effect
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Microsoft said yesterday that its fiscal first-quarter profit rose 23 percent on brisk sales of the new Halo 3 video game, Windows and Office.
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Microsoft posted its first-quarter 2005 financial results last week, reporting revenue of US$9.19 billion and net income of $2.9 billion.
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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 Thursday its fiscal second-quarter profit topped analysts' expectations and climbed 79 percent, buoyed by rising sales of Windows-based personal computers.
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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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Stocks gained on Friday after a higher profit forecast by Microsoft Corp. , while an upbeat outlook by lender Countrywide Financial Corp.  eased fears about financial-sector losses.
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Stocks rose 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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Microsoft Corp.'s quarterly earnings rose 11 percent over the comparable quarter last year, with strongest growth in sales of server software.