Microsoft posts sharp profit rise
Microsoft said net profit jumped 41 percent in its fiscal fourth quarter from a year ago to $4.29 billion.
Fourth-quarter earnings per share (EPS) were 46 cents, a penny shy of the 47 cents expected by Wall Street analysts.
For the full-year that ended June 30, Microsoft profit rose 25.7 percent to $17.68 billion, with EPS of $1.90, topping expectations of $1.88.
Revenues surged 18 percent in the fourth quarter and the full year to $15.845 billion and $60.4 billion, respectively.
However, Microsoft’s view on business in the current quarter disappointed the market.
The Redmond, Washington-based company said it was expecting EPS of 47-48 cents in the first quarter, slightly under the 49 cents expected, and revenue of 14.7 to $14.9 billion, compared with the $15.06 billion seen by most analysts.
Its outlook for the 2008-2009 fiscal year was in line with market expectations: $67.3 to $68.1 billion in revenue and EPS of 2.12 to $2.18, compared with expectations of $67.29 billion in sales and EPS of $2.16.
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