Microsoft Profit Up on PC, Xbox Sales
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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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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 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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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. MSFT.O, 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 reported surprisingly strong quarterly profits and sales growth in its core software products, sending its stock up 12 percent in after-hours trading.
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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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Microsoft reported its profits surged 81 percent on record-high revenues of 16.37 billion dollars in the last three months of 2007 due to intense demand for computer software.
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Microsoft Corp lifted its full-year estimates on Thursday after posting a 23 percent rise in quarterly profit on strong demand for both computers running its operating system and "Halo 3," sending its shares up 12 percent.
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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.'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  signaled confidence  to a rattled stock market by raising its full-year earnings  outlook above Wall Street targets and reporting a 79 percent  rise in quarterly profit on Thursday.
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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  signaled confidence to a rattled stock market by raising its full-year earnings outlook above Wall Street targets and reporting a 79 percent rise in quarterly profit on Thursday.
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SEATTLE - Microsoft said 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, 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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BREAKING NEWS - In early numbers from Microsoft prior to its quarterly financial results call to analysts this afternoon, the company reported revenue gains of 27% annually to $13.76 billion, and net income nicely higher by 23% annually to $4.29 billion, in what the company is calling its fastest first quarter of growth since 1999.