Microsoft Revenue Surges on Strong Sales of Vista, Office
October 25, 2007
Revenue growth in the first quarter was the fastest since 1999.
Microsoft reported a 27 percent surge in revenue to $13.76 billion for the first quarter of 2007, which ended September 30, 2007, making it the fastest growth in revenue for any first quarter in seven years, and up almost $3 billion from the same quarter a year ago.
The software maker, headquartered in Redmond, Wash., said the results were buoyed by combined revenue growth of more than 20 percent across its client, business, and server and tools businesses.
This reflected "robust demand for Windows Vista, the 2007 Microsoft Office system, Windows Server, and SQL Server," Chris Liddell, Microsoft's chief financial officer, said in a statement released Oct. 25 after the close of the financial markets in New York.
Operating income for the quarter came in at $5.92 billion compared with $4.47 billion a year ago, with net income of $4.29 billion (as opposed to $3.48 billion last year) and diluted earnings of $0.45 a share for the quarter, from $0.35 a year earlier.
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