Microsoft Devours Earnings With Record $16 Billion Revenue [Microsoft]

Microsoft just announced a monster quarter and financial year, with record revenue thanks largely to everybody gobbling up Windows 7-to the tune of 175 million licenses sold since it launched.

The only place where Microsoft managed to lose money this quarter was within the Online Services division (read: Bing). But even that\’s no a cause for alarm; Bing\’s a growth business that grew every month this past year. The call to speak about exactly which hand went over which fist to make much cash starts at 5:30pm EST; we\’ll be updating as warranted.

Redmond, Wash. – July 22, 2010 – Microsoft Corp. today announced record fourth-quarter revenue of $16.04 billion for the quarter ended June 30, 2010, a 22% increase from a similar 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 represented increases of 49%, 48% and 50%, respectively, 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, combined with our ongoing cost discipline, helped us achieve another quarter of margin expansion.\”

Product momentum continued in the course of the quarter with the successful launch of Office 2010 and robust performance from existing products including Windows 7, which has sold more than 175 million licenses thus far, Windows Server, Xbox, and Bing, which achieved its 13th consecutive month of share gain.

\” We saw strong sales execution across all of our businesses, particularly within the enterprise with Windows 7 and Office 2010,\” said Kevin Turner, chief operating officer. \” Our transition to cloud services is easily underway with offerings like Windows Azure and our Business Productivity Online Services, and we sit up for continuing our product momentum this autumn with the approaching 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 increases of 18%, 29% and 30%, respectively, in comparison with the prior year.

Ballmer Devouring His Kin by Sam Spratt, adapted from Goya\’s Saturn Devouring His Son. Look at Sam\’s portfolio and become keen on his Facebook Artist\’s Page.

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This post is tagged: Billion, Devours, earnings, Microsoft, record, revenue, [Microsoft]