Companies
Microsoft 4Q profit jumps 42 percent
Font Scale: 
Posted 23 July 2008 @ 07:23 am GMT
Microsoft Corp. says its fiscal fourth-quarter profit jumped 42 percent from a year ago. It was helped by strong sales of its Office and Windows software.
Microsoft cuts Vista prices to urge upgradesEarnings rose to $4.5 billion, or 46 cents per share, but that missed Wall Street's expectations by a penny per share.
Revenue increased 18 percent to nearly $16 billion from just over $13 billion last year, just ahead of Wall Street's average forecast, according to a Thomson Financial survey.
The Office and Windows divisions posted strong profits, but the segments that make the Xbox and sell online advertising lost money.
Copyright 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Most Popular Stories
- 1 Infosys promises "paradigm shift in in-store shopping experience" through ShoppingTrip360
- 2 Russian beauty on top of the world
- 3 Hospital: Egyptian woman gives birth to septuplets
- 4 Tata Steel enters JV with Vietnamese cos. to set up $5 billion steel plant
- 5 Oberoi Group charts aggressive expansion plan, breaks up with Hilton, seeks tie-ups with real estate cos.
- 6 Diving diva of China won the gold medal in 3m spring board
- 7 Reliance Retail to bring Hamleys magic to India
- 1 "No, Thank you," India's Mahindra & Mahindra tells GM's Hummer
- 2 STAR Group, Balaji Telefilms announce split
- 3 US Exim Bank to increase Indian infrastructure portfolio, enters pacts with ICICI Bank, others
- 4 Volkswagen Beetle set to scorch Indian roads from 2009
- 5 Oberoi Group charts aggressive expansion plan, breaks up with Hilton, seeks tie-ups with real estate cos.
- 6 Infosys promises "paradigm shift in in-store shopping experience" through ShoppingTrip360
- 7 Jindal Steel to invest nearly Rs.40,000 crore in Chhattisgarh, Orissa steel plants
Top Stories on Companies
- 1 "No, Thank you," India's Mahindra & Mahindra tells GM's Hummer
- 2 STAR Group, Balaji Telefilms announce split
- 3 US Exim Bank to increase Indian infrastructure portfolio, enters pacts with ICICI Bank, others
- 4 Volkswagen Beetle set to scorch Indian roads from 2009
- 5 Oberoi Group charts aggressive expansion plan, breaks up with Hilton, seeks tie-ups with real estate cos.
- 6 Infosys promises "paradigm shift in in-store shopping experience" through ShoppingTrip360
- 7 Jindal Steel to invest nearly Rs.40,000 crore in Chhattisgarh, Orissa steel plants
|
|
