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Microsoft Profit Takes Charge Hit

Time: 08:17 EST/13:17 GMT | News Source: CBR Online | Posted By: Byron Hinson

Microsoft Corp said sales of Windows XP and its Xbox games console boosted net income for its second fiscal quarter, reported yesterday, but profits were knocked back by a $660m accounting charge related to a consumer class action suit. Redmond, Washington-based Microsoft reported an 18% increase in revenue to $7.7bn for the period to 31 December, but saw net income drop 12.9% to $2.28bn which included the accounting charge. Earnings per share on a diluted basis were $0.41, down from $0.47.

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