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Microsoft reports record results

Microsoft has announced record fourth-quarter revenue of $16.04 billion for the quarter ending June 30, 2010, a 22 per cent increase on the same period last year.

Operating income, net income and diluted earnings per share for the quarter were $5.93 billion, $4.52 billion and $0.51 per share, which represented increases of 49 per cent, 48 per cent and 50 per cent, respectively, over the same three months in 2009.

“This quarter’s record revenue reflects the breadth of our offerings and our continued product momentum,” said Peter Klein, chief financial officer. “The revenue growth, combined with our ongoing cost discipline, helped us achieve another quarter of margin expansion.”

The Redmond software monopolist said that momentum continued during the quarter with the launch of Office 2010 and strong performance from existing products including Windows 7, which has sold more than 175 million licences to date, Windows Server, Xbox, and search engine Bing, which Microsoft said had achieved its 13th consecutive monthly gain in market share.

“We saw strong sales execution across all of our businesses, particularly in the enterprise with Windows 7 and Office 2010,” said Kevin Turner, chief operating officer. “Our transition to cloud services is well underway with offerings like Windows Azure and our Business Productivity Online Services, and we look forward to continuing our product momentum this fall with the upcoming launches of Windows Phone 7 and Xbox Kinect.”

For the fiscal year ending June 30, 2010, Microsoft reported record revenue of $62.48 billion, a 7 per cent increase from the prior year. Operating income, net income and diluted earnings per share for the year were $24.10 billion, $18.76 billion and $2.10, which represented increases of 18, 29 and 30 per cent, respectively, when compared with 2009. monitors all leading technology stories and rounds them up to help you save time hunting them down.