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  Microsoft Reports Fourth Quarter Earnings
Time: 09:47 EST/14:47 GMT | News Source: Microsoft Press Release | Posted By: Robert Stein

Microsoft Corp. today announced revenue of $8.07 billion for the quarter ended June 30, 2003, an 11 percent increase over revenue of $7.25 billion for the same period in the prior year. Operating income for the fourth quarter came in at $2.19 billion, which included charges of $796 million primarily related to the settlement of the AOL Time Warner lawsuit. This is compared to operating income of $2.87 billion reported in the prior year period. Net income for the quarter was $1.92 billion, including $533 million in after-tax settlement charges, compared to $1.53 billion reported in the previous year, which included an after-tax charge for investment impairments of $806 million. Diluted earnings per share for the June 2003 quarter were $0.18, including an after-tax charge of $0.05 associated with the legal settlements. The prior year's diluted earnings per share were $0.14, including an after-tax investment impairment charge of $0.07.
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