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  Microsoft Announces Record First Quarter Revenue
Time: 18:38 EST/23:38 GMT | News Source: Microsoft Press Release | Posted By: Byron Hinson

Microsoft Corp. today announced revenue of $7.75 billion for the quarter ended Sept. 30, 2002, a 26 percent increase over revenue of $6.13 billion for the same quarter last year. Operating income for the first quarter was $4.05 billion, compared to $2.90 billion in the same period last year. Net income and diluted earnings per share for the first quarter of fiscal year 2003 were $2.73 billion and $0.50, which included an after-tax charge for investment impairments of $291 million or $0.05. For the same period of the previous year, net income and diluted earnings per share were $1.28 billion and $0.23, which included an after-tax charge for investment impairments of $1.22 billion.
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