Microsoft Reports Record Profits

Apr 27 2007, 3:00am CDT | by Luigi Lugmayr

Microsoft Corp. announced revenue of $14.40 billion for the quarter ended March 31, 2007, a 32% increase over the same period of the prior year.

This revenue drove record profits with operating income of $6.59 billion and net income of $4.93 billion. Diluted earnings per share for the quarter grew 72% to $0.50, and included $0.02 in tax benefits and $0.01 in legal charges. "I am extremely pleased that we delivered a quarter of strong double-digit growth for revenue, operating income and EPS," said Chris Liddell, chief financial officer at Microsoft. "And I am looking forward to a very good finish to this fiscal year with strength continuing into fiscal 2008."

Microsoft expects in the range of $13.1 billion to $13.4 billion for the next Quarter.
More details in this Microsoft press-release. The Microsoft (MSFT) stock rose 4.12% in after hours trading.

Looks the the computer industry is doing really good again. Apple released great numbers as well last Wednesday.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.