Microsoft Reports Strong Quarter
Microsoft late Thursday announced that revenue in the fourth fiscal quarter ending June 30 increased 9 percent year over year on strong demand across all of the company's segments.
Net profit rose to $3.7 billion or 34 cents a share from $2.69 billion or 25 cents a share a year earlier. Revenue stood at $10.16 billion, up from $9.29 billion a year earlier.
Microsoft also said it had posted record revenue in the fiscal year ending June 30 at $39.79 billion, up from $36.84 billion the previous year.
"We closed out a record fiscal year with strong revenue growth in the fourth quarter driven by healthy, broad-based demand across all customer segments and channels," Christopher Ledell, Chief Financial Officer at Microsoft said.
"We expect double digit revenue growth next year, kicking off the strongest multi-year product pipeline in the company's history."
Microsoft expects revenue for the fiscal year of 2006 to be between $43.7 and $44.5 billion on earnings per share of $1.27 to $1.32.