Microsoft announced yesterday its results for the fiscal fourth quarter ending 30 June 2008 with earnings of $22.49 billion (£11.26 billion) from revenue of $60.42 billion (£30.27 billion).
This represents yearly growth of 21 per cent over the same period last year and comes despite having to write off $1.1 billion (£55o billion) in the fourth quarter of the fiscal year 2007 for increasing warranty coverage on the company’s Xbox 360 games console, which suffered widely from overheating failure.
“Delivering $60 billion in annual revenue is an outstanding accomplishment and a testament to the powerful combination of great technology solutions and strong execution by our partners and global sales and marketing teams,” said chief operating officer at Microsoft Kevin Turner.
“The outlook for fiscal year 2009 is positive given the breadth of our impressive technology portfolio and the expanding collection of online services we are bringing to market,” Turner added.
Microsoft launched several key server products over the past fiscal year such as Windows Server 2008, SQL Server 2008 and Visual Studio 2008.
The company says that revenue growth was primarily driven by continued customer demand for all products, including Windows Vista, which despite being, much maligned has sold over 180 million licenses since its launch. Other revenue generating areas included Microsoft Office 2007 and Xbox 360 consoles and games.
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