Microsoft Revenue Up 21% For Year - Twice

Microsoft Revenue Up 21% For Year

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Redmond, Wash. — Microsoft reported strong revenue growth for the quarter and fiscal year yesterday, topping $60 billion in yearly revenue for the first time.

A fourth quarter that saw revenue rise 18 percent over the same period last year to $15.84 billion, also saw operating income rise 42 percent year-over-year to $5.68 billion.

For the fiscal year, ended June 30, Microsoft announced record revenue of $60.42 billion, an 18 percent increase over the prior year. Operating income was $22.49 billion, representing yearly growth of 21 percent.

The growth rate for operating income was impacted by a $1.1 billion charge in the fourth quarter of fiscal year 2007 related to the expansion of the company’s Xbox 360 warranty coverage.

“Delivering $60 billion in annual revenue is an outstanding accomplishment and a testament to the powerful combination of great technology solutions and strong execution by our partners and global sales and marketing teams,” said Kevin Turner, COO. “The outlook for fiscal year 2009 is positive given the breadth of our impressive technology portfolio and the expanding collection of online services we are bringing to market.”

Microsoft cited the launch of its flagship server products, continued customer demand for its Vista operating system and Microsoft Office systems, server software and its Xbox gaming franchise as the primary drivers of the growth.

The full financial report can be seen on Microsoft's investor relations Web site at www.microsoft.com/msft.

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