Microsoft posts strong revenue growth

Posted on Saturday, July 23 2005 @ 10:27 CEST by Thomas De Maesschalck
Microsoft reported a strong growth to $3.70 billion profits for the financial period ending June 30, up from $2.69 billion in the same period last year. The company attributed the growth to a strong demand for notebooks, PCs and servers which pushed up fourth-quarter profits.

Revenue rose from $9.29 billion last year to $10.16 billion this year and Microsoft's CFO Chris Liddell expects the company will benefit greatly in the next financial year from the upcoming Xbox 360 console and other new products. Liddell expects Microsoft will post a double digit revenue growth next year, kicking off the strongest multi-year product pipeline in the company's history.

Microsoft's fiscal year ended on June 30 and they reported a record revenue of $39.79, an 8 percent increase over last year's $36.84 billion.

However, lots of investors believe the company won't be able to sustain its superb performance in the future. Read more about Microsoft's financial results at BBC

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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