Microsoft Reports 27% Revenue Growth
Microsoft has announced revenue of $13.76 billion for the quarter ended September 30, 2007, a 27% increase over the same period of the prior year. Operating income, net income and diluted earnings per share for the quarter were $5.92 billion, $4.29 billion and $0.45, respectively.
Microsoft's businesses of Client, Microsoft Business Division, and Server and Tools grew combined revenue in excess of 20%, and experienced robust demand for Windows Vista, the 2007 Microsoft Office system, Windows Server, and SQL Server.
During the quarter, Microsoft's two consumer focused divisions passed milestones with the successful close of the company's largest ever acquisition, aQuantive, and Halo 3 achieving the biggest entertainment launch day in history.
Microsoft management offers the following guidance for the quarter ending December 31, 2007:
• Revenue is expected to be in the range of $15.6 billion to $16.1 billion.
• Operating income is expected to be in the range of $5.9 billion to $6.1 billion.
• Diluted earnings per share are expected to be in the range of $0.44 to $0.46.
Management offers the following guidance for the full fiscal year ending June 30, 2008:
• Revenue is expected to be in the range of $58.8 billion to $59.7 billion.
• Operating income is expected to be in the range of $23.3 billion to $23.7 billion.
• Diluted earnings per share are expected to be in the range of $1.78 to $1.81.
The foregoing full fiscal year guidance includes approximately $85 million of estimated integration costs and in-process research and development expenses, or a $0.01 impact to diluted earnings per share, due to the acquisition of aQuantive.
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