Microsoft Reports Record Fourth-Quarter Results
Broad-based strength drives double-digit revenue growth in all business segments
REDMOND, Wash. — July 22, 2010 —
Microsoft Corp. today announced recordfourth-quarter revenue of $16.04 billion for the quarter ended June 30, 2010, a 22% increasefrom the same period of the prior year. Operating income, net income and diluted earnings per share for the quarter were $5.93 billion, $4.52 billion and $0.51 per share, which representedincreases of 49%, 48% and 50%, respectively, when compared with the prior year period.“This quarter’s record revenue reflects the breadth of our offerings and our continued product momentum,” said Peter Klein, chief financial officer. “The revenue growth, combinedwith our ongoing cost discipline, helped us achieve another quarter of margin expansion.”Product momentum continued during the quarter with the successful launch of Office2010 and strong performance from existing products including Windows 7, which has sold morethan 175 million licenses to date, Windows Server, Xbox, and Bing, which achieved its 13thconsecutive month of share gain.“We saw strong sales execution across all of our businesses, particularly in the enterprisewith Windows 7 and Office 2010,” said Kevin Turner, chief operating officer. “Our transition tocloud services is well underway with offerings like Windows Azure and our BusinessProductivity Online Services, and we look forward to continuing our product momentum this fallwith the upcoming launches of Windows Phone 7 and Xbox Kinect.”For the fiscal year ended June 30, 2010, Microsoft reported record revenue of $62.48 billion, a 7% increase from the prior year. Operating income, net income and diluted earnings per share for the year were $24.10 billion, $18.76 billion and $2.10, which represented increasesof 18%, 29% and 30%, respectively, when compared with the prior year.