Microsoft revenue has climbed 15 percent for the final quarter of this 2004 fiscal year. Still some analysts aren"t pleased with this increase in revenue. As they expected the tech giant to bring in more money. Still 15 percent increase for a company as big as Microsoft is worthy of any applause.
Profiting from continued strength in the PC market, Microsoft Corp. on Thursday defied earnings misses by other software vendors and reported a 15 percent increase in revenue for the final quarter of its 2004 fiscal year. The world"s largest software vendor reported net income of $2.69 billion on revenue of $9.29 billion for the fourth quarter of its 2004 fiscal year, ended June 30. That compared to net income of $1.48 billion on revenue of $8.07 billion in the year-earlier period, the company said in a statement.
Microsoft"s fourth-quarter revenue came in ahead of analyst expectations of $9 billion, according to a consensus estimate compiled by Thomson First Call. Earnings per share were $0.25 for the quarter, compared to $0.14 per share a year earlier. This year"s figure included a $0.05 per share charge for stock-based employee compensation and a $0.02 per share tax benefit. The figure from a year ago included a $0.04 per share stock-based compensation charge and a $0.05 per share charge for the settlement of an antitrust lawsuit with Time Warner Inc.