Software mammoth Microsoft has celebrated a 30 per cent year-on-year revenue
boost for its second quarter results, increasing it by $2bn over its previous
record to a monstrous $16.37bn (£8.23bn).
Other improvements included an 87 per cent increase in operating income from
$3.47bn last year to $6.48bn this year and a massive 92 per cent rise on its
diluted earnings per share now at $0.50 compared to $0.26 for the same period
last year.
Advertisement
Chris Liddell, chief financial officer of Microsoft, said: “Revenue of over
$16 billion this quarter exceeds our previous record by $2 billion. Microsoft is
extremely pleased by the broad based strength of its business performance and
field execution. Throughout the first half of Microsoft’s fiscal year, all of
our businesses met or beat its expectations.”
Microsoft also announced that since its general launch of Vista, one year
ago, Microsoft’s Client business grew 20 per cent on average and the vendor
claims sales of Windows Vista have exceeded 100 million licenses.
Kevin Johnson, president for the Platforms and Services Division of
Microsoft: “Microsoft is pleased with the progress of Windows Vista in the
market. It has hit its stride with partners and customers and is looking forward
to the release of our first service pack later this quarter.”
The giant’s Business Division and Server and Tools business each experienced
double digit revenue growth compared to the prior years results and together
increased revenue over $1bn versus the same quarter last year. Its Business
Division produced 23 per cent business revenue growth driven by new versions of
Microsoft Office, Microsoft Sharepoint and Microsoft Exchange, all launched last
November.
Kevin Turner, chief operating officer at Microsoft, said: “Microsoft is in
the midst of another strong year with great momentum heading into calendar year
2008.”
“It will continue to see healthy demand from both businesses and consumers in
the United States and its growth in emerging markets is especially strong.
Looking across Brazil, Russia, India and China, Microsoft’s field revenue
reached a combined growth rate over 65 per cent this quarter,” he added.
Microsoft has revealed revenue expectations to be in the range of $14.3bn to
$14.14.6bn for the quarter ending March 31, 2008 and between $59.9bn and $60.5bn
for the full fiscal quarter ending June 30, 2008.
Turner continued: “As we look ahead, Microsoft’s Windows Server 2008 launch,
with its virtualisation solution, will further its quest to bring exceptional
value to its customers.”
Do you agree?
Have your say on this article