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  Microsoft Announces Record Quarterly Revenue
Time: 00:25 EST/05:25 GMT | News Source: Microsoft Press Release | Posted By: Robert Stein

Microsoft Corp. today announced record revenue of $7.74 billion for the quarter ended Dec. 31, 2001, an 18 percent increase over the $6.55 billion reported in the prior year. Operating income for the quarter was $2.84 billion, including a $660 million charge for estimated expenses in connection with consumer class action lawsuits. Including this charge, net income was $2.28 billion. Diluted earnings per share for the quarter were $0.41, including $0.08 for the estimated charge.

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