Tuesday, 23 October 2007

Microsoft Corp. reported revenue of $13.37 billion

Microsoft Corp. reported revenue of $13.37 billion for the quarter
ended June 30, 2007, a 13% increase over the same period of the prior
year. Diluted earnings per share for the quarter were $0.31.
Excluding $0.08 of previously announced charges primarily related to
Xbox 360™ warranty policies, earnings per share would have been
$0.39, an increase of 26% over the same period of the prior year when
also adjusted for certain items.

For the fiscal year ended June 30, 2007, Microsoft announced revenue
of $51.12 billion, a 15% increase over the prior year. Diluted
earnings per share for the year were $1.42. Excluding certain items,
earnings per share would have been $1.49, an increase of 17% over the
prior year when also adjusted for certain items. $31 billion in cash,
or approximately 175% of operating cash flow, was returned to
shareholders during the year through share buybacks and dividends.

This fiscal year marked the general availability of Microsoft's
flagship products, Windows Vista® and the 2007 Microsoft Office
system. Revenue growth was primarily driven by solid customer
acceptance of these products, as well as increasing sales of existing
products such as SQL Server, Windows Server, Visual Studio, and Xbox
360™ consoles.

Business Outlook:

•Revenue is expected to be in the range of $12.4 billion to $12.6
billion.

•Operating income is expected to be in the range of $5.0 billion to
$5.2 billion.

•Diluted earnings per share are expected to be in the range of $0.38
to $0.40.

Management offers the following guidance for the full fiscal year
ending June 30, 2008:

•Revenue is expected to be in the range of $56.8 billion to $57.8
billion.

•Operating income is expected to be in the range of $22.2 billion to
$22.7 billion.

•Diluted earnings per share are expected to be in the range of $1.69
to $1.73.

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