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Microsoft Says to Hire Up to 7,000

Time: 16:38 EST/21:38 GMT | News Source: Reuters | Posted By: Ed Bennett

Microsoft announced today that it will hire as many as 7,000 employees worldwide in its current business year as it continues to expand and to fill vacant positions.

Microsoft also said it would increase spending on research and development, excluding equity compensation costs, by 4 percent to $4.8 billion in its fiscal year to June 2005, from $4.6 in fiscal 2004. Including the cost of paying employees in stock, Microsoft spent $6.8 billion on R&D last year, but said that number would be slightly lower at around $6 billion in fiscal 2005 due to the lower costs of issuing stock awards.

AW: It seems that Microsoft has decided to move to make more use of its massive resources in more ways than giving dividends on its shares.

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