Microsoftâs Profit Rises Despite Xbox Charge
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Microsoft said 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 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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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. 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.
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SANTA MONICA, California  - Microsoft Corp.   said on Tuesday it will hold firm on pricing for its  Xbox 360 game console, defying widespread expectations that it  would respond to a price cut by rival Sony Corp.  for  the PlayStation 3.
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Microsoft reported quarterly sales and profit gains that surpassed Wall Streetâs expectations, and delivered an optimistic outlook.
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Microsoft Corp. MSFT.Oon Thursday  said its quarterly profit climbed as revenue rose 12 percent,  but its shares fell as investors failed to account for the  effect of the expensing of stock-based compensation in  assessing the earnings.
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MICROSOFT said first revenues were up by 12 per cent as the software company benefited from stronger-than-expected computer and server shipments.
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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.  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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Fourth-quarter earnings rose 42 percent from a year ago as profit margins at its U.S. stores improved despite higher commodity costs.
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The video game maker exceeded Wall Streetâs earnings expectations despite a 38 percent drop in third-quarter sales.
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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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In SEATTLE story headlined, &quot;UPDATE 2-Microsoft first-quarter profit, revenue rises,&quot; please read in 12th paragraph ... &quot;Barnicle said&quot; ... instead of ... &quot;Barnacle said&quot; ... (Corrects spelling of name). SEATTLE, Oct 21  - Microsoft Corp.
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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 last week that its first-quarter net income rose 11% and revenue 12% because of strong server-software demand and steady sales of PCs that run its products.
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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.