Microsoft Takes in $60.4 Billion
July 21, 2008 | by Christopher Nickson
Microsoft has reported total revenues of $60.4 billion for the fiscal year that ended in June — but it's not all glowing news.
Even by Microsoft’s healthy standards, the figure is high. The $60.4 billion revenue it reported for the fiscal year ending June 30 is a record. And the net profit of $4.3 billion for the April-June quarter is none too shabby, either, up 41% from the same period in 2007.
But not all the news is good. Microsoft’s online services business continued to underperform and disappointed analysts, with a $488 million loss from April to June, making for an operating income loss of $1.2 billion for the year, double that of 2007.
Microsoft chief financial officer Chris Liddell said:
"This is the area where we are seeing direct impact from the economic slowdown."
However, among the good news is the licensing for Windows Vista, which has now passed the 180 million point.
Post Your Comment...Comments
Comment on this article
Please keep your comments relevant to this article. Email addresses are not displayed, they are only required to verify you are human.
When you submit your comment, an email will be sent to your email address with a confirmation link. Once you have clicked on that confirmation link your comment will be posted.
HTML is not allowed.
RSS Feed
Be the first to comment on the article!