Office Offsets slow PC Market for Microsoft
Friday, July 22, 2011 6:49Posted in category IT
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Driven by its Office software suite while Windows revenues declined in a sluggish PC market, Microsoft rang up record fourth-quarter revenues. The company also reported a growth of 30% in its entertainment and devices division, due to strong sales of its Xbox 360 console, Kinect motion controller and Xbox Live subscriptions.
Total revenues for its June quarter were $17.37bn, which is up by 8% year-on-year. This was ahead of Wall Street analyst expectations of $17.25bn. Microsoft’s profits of $5.87bn, or 69 cents a share, were up by more than 30%.
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