News Articles

Friday, July 22, 2011

Microsoft reports record results

In a week of big-name financial figures - including Apple and Nokia - we now have quarterly and annual results from Microsoft Corp.

The company had a record fourth quarter of its financial year, with revenue of $17.37 billion (around £10.66 billion; up 8% year-on-year). And for the full financial year (ending 30th June 2011), Microsoft reported record revenue of $69.94 billion (up 12%). Operating income and net income were also up on 2011.

Kevin Turner, chief operating officer at Microsoft, said “A strong year of double-digit increases in revenue and earnings is a real credit to all of our Microsoft employees and partners around the world. We continue to see strong business demand across all of our products, from small businesses all the way up to the largest global enterprises. Our move to cloud services continues with the release and momentum of Office 365 and growth in Windows Azure. We’re providing our customers seamless and powerful ways to move to the cloud, and we are well positioned for the coming year.”

The company’s statement didn’t include specific details about its Windows Phone mobile operating system. However, revenue at the Entertainment & Devices Division - responsible for Windows Phone and for the Xbox gaming platform - grew by 30% for the quarter and 45% for the full year.

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Operating systems, NewsNumber of views: 445

Tags: microsoft

Leave a comment

Name:
Email:
Comment:
CAPTCHA image
Enter the code shown above in the box below.
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«September 2016»
MonTueWedThuFriSatSun
2930311234
567891011
12131415161718
19202122232425
262728293012
3456789

Archive

Terms Of Use | Privacy Statement