Market Updates
Microsoft Profit Surges 65% on Vista
Elena
27 Apr, 2007
New York City
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The world''s biggest software maker reported earnings of $4.93 billion, or 50 cents a share, compared with $2.98 billion, or 29 cents a share, during the year-earlier period. Revenue rose 32% to $14.4 billion, boosted by sales of new products including the Vista operating system. The stock rose 5.2% in pre-market trading.
[R]8:15AM Microsoft Q3 earnings surged 65%.[/R]
Microsoft Corp. ((MSFT)) announced late Thursday that its Q3 profit surged 65%, boosted by sales of new products including the Vista operating system. The world''s biggest software maker reported earnings of $4.93 billion, or 50 cents a share, compared with $2.98 billion, or 29 cents a share, during the year-earlier period. Revenue rose 32% to $14.4 billion. Quarterly results beat expectations of earnings of 46 cents a share on revenue of $13.89 billion.
Microsoft had been widely expected to post solid growth for the quarter, when it saw significant new product releases including Vista and Office 2007, both released on Jan. 30. Microsoft said its business division, including Office 2007, reported Q3 revenue of $4.83 billion, compared with $3.6 billion a year earlier.
However, Microsoft posted disappointing Q4 outlook. The company said it expects Q4 earnings of between 37 cents a share and 39 cents a share, on revenue of between $13.1 billion and $13.4 billion. The stock rose 5.2% in pre-market trading.
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