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11Aug/110

Microsoft with historical financial report for Q2


MicrosoftThe U.S. technology giant Microsoft announced that its annual revenue reached a record 69.94 billion dollars. The sales of video game consoles Xbox 360 and the Programme Office are the main drivers of growth. The net profit of the largest software producer in the world has risen by 23% to 23.15 billion dollars for its financial year. The data exceeded expectations to win and showed that for the fourth quarter the company has grown to a record 1.37 billion dollars to 5.87 billion dollars. The revenues increased by 8% to 17.37 billion dollars, mainly supported by Office, Xbox and server software. Analysts expected sales revenues are up 17.2 billion dollars. While the sales of Microsoft are always strong in the fourth quarter of fiscal year "for them this quarter was stronger than usual," said General Manager of Investor Relations Bill Koufoud. "Xbox just blew it," he added. The company's business division, which includes package Office, has increased sales by 7% to 5.8 billion dollars as its contribution to profit was 3.6 billion dollars. The online services unit reported revenue growth of 16.5 percent to 662 million dollars, but its total loss is about 728 million dollars for investments made for the withdrawal of market share from Google Inc.
The revenue of the Division of servers increased by 12% to 4.64 billion dollars as profit for the quarter was 1.8 billion dollars. Entertainment unit reported revenue growth of 30% to 1.49 billion dollars.

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