Microsoft Q4 Profit up Slightly Despite Xbox Charge
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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 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 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 reported Thursday that first-quarter net income rose 11% and revenue 12%, due to strong server-software demand and steady sales of PCs that run its products.
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Microsoft Corp.  eked out a gain in quarterly net profit despite a $1 billion charge to pay for repairs to its Xbox 360 game consoles, and the company slightly raised full-year earnings and revenue forecasts.
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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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The food maker General Mills reported a slightly higher profit in its latest quarter on Wednesday, as stronger sales offset rising costs for ingredients and price increases did not faze consumers.
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Microsoft Corp. said its fiscal first-quarter earnings rose 11 percent, beating analysts' expectations, as the company benefited from stronger-than-expected computer and server shipments.
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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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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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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 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 Corp. said its fiscal first-quarter earnings rose 11 percent, beating analysts' expectations, as the software company benefited from stronger-than-expected computer and server shipments.
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Citing continued strength in the PC and server markets, Microsoft on Thursday reported earnings that beat Wall Street expectations and a 12 percent increase in revenue for the first quarter of its 2005 fiscal year.
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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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Microsoft sees quarterly profits, rise 23% following demand for its Halo 3 video game and Windows operating system.
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Johnson Controls Inc. on Tuesday said its fourth-quarter profit rose 25 percent, helped by a lower tax rate and decreased miscellaneous net expenses.