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Microsoft Sales Higher at $7.25 Billion | |
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| Time: 17:00 EST/22:00 GMT | News Source: Reuters | Posted By: Julien Jay | ||
Microsoft Corp. reported a rise in quarterly net profit on Thursday, helped by corporate demand for its enterprise products despite weak industry-wide personal computer related sales. For its fourth fiscal quarter ended June 30, Microsoft said its net profit was $1.53 billion, or 28 cents per share, up from $65 million, or 1 cent per share, a year earlier when it took a charge on investment losses. The Redmond, Washington-based company had been expecting to report a net profit in the 41 cents to 42 cents-per-share range, according to a forecast it issued three months ago. Analysts polled by Thomson First Call were calling for a net profit, excluding goodwill, of 42 cents per share. Microsoft's revenue was $7.25 billion, better than Wall Street's expectations for $7.06 billion and compared to $6.6 billion a year earlier. | ||
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