Microsoft's revenue up - strong 2006 outlook

Posted on Friday, April 29 2005 @ 0:51 CEST by Thomas De Maesschalck

Microsoft's posted sales were lower than Wall Street expectations but the company states it has a strong product product pipeline and notes that the outlook for fiscal 2006 is very strong.

Microsoft, based in Redmond, Washington, reported a net profit of $2.56 billion, or 23 cents a share, for its fiscal third quarter ended March 31, compared with $1.32 billion, or 12 cents a share, a year earlier.

Revenue rose to $9.6 billion from $9.18 billion.

Microsoft expects a strong revenue growth in fiscal 2006. More info about Microsoft's financial results at Reuters

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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