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Microsoft Posts Double-Digit Income Gains

7/21/2011 04:40:49 PM Eastern

Redmond, Wash. -
Microsoft reported a double-digit increase in net income and an 8 percent
increase in revenue for its fiscal fourth quarter, ended June 30.

Record sales for
the fiscal fourth quarter hit $17.3 billion, up from the prior year's $16
billion.

Net income was
$5.87 billion, up 30 percent from the prior year's $4.5 billion. Operating
income, which reached $6.17 billion, was up 4 percent.

For the fiscal
year Microsoft reported record revenue of $69.94 billion, a 12 percent increase
from the prior year. Net income rose 23 percent year on year to $23.1 billion
while operating income rose 12 percent to $27.16 billion.

"Throughout fiscal
2011, we delivered to market a strong lineup of products and services which
translated into double-digit revenue growth, and operating margin expansion,"
said Peter Klein, chief financial officer at Microsoft. "Our platform and Cloud
investments position us for long-term growth."

In its entertainment
and devices division, revenue grew 30 percent for the fourth quarter and 45
percent for the full year, due to the ongoing momentum of the Kinect console
and Xbox Live, Microsoft said.

Xbox 360 has been
the top-selling game console in the U.S. over the past 12 months. At E3 in
June, Microsoft highlighted its upcoming game lineup, Xbox Live content partnerships,
and enhanced content discovery using Bing and Kinect, the company said.

"A strong year of
double-digit increases in revenue and earnings is a real credit to all of our
Microsoft employees and partners around the world. We continue to see strong
business demand across all of our products, from small businesses all the way
up to the largest global enterprises," said Kevin Turner, COO. "Our move to Cloud
services continues with the release and momentum of Office 365 and growth in
Windows Azure. We're providing our customers seamless and powerful ways to move
to the Cloud, and we are well positioned for the coming year."

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