Microsoft Thursday announced it has topped US$60 billion in yearly revenue for the first time in its history and posted a 25% year-over-year gain in net income for its fiscal year 2008.
The company also provided financial details of its offer to buy Yahoo's search business including a lump payment of $1 billion, a stock investment and on-going revenue sharing. (Read Editor Julie Bort's take on the revenue report.)
The fiscal 2008 revenue gain was an 18% increase over fiscal 2007, but it was with net income where the software giant showed a big increase from $14 billion in 2007 to $17.6 billion in 2008.
Microsoft also reported fiscal fourth quarter revenue of $15.84 billion, which was an 18% increase over the fourth quarter of 2007.
Microsoft's fiscal year runs July 1 to June 30.
Chris Liddel, Microsoft's CFO, also took time to make a statement on Microsoft's proposal to acquire Yahoo's search business.............
More: http://www.pcworld.com/businesscenter/article/148605/microsoft_tops_60_billion_in_annual_revenue.html
The company also provided financial details of its offer to buy Yahoo's search business including a lump payment of $1 billion, a stock investment and on-going revenue sharing. (Read Editor Julie Bort's take on the revenue report.)
The fiscal 2008 revenue gain was an 18% increase over fiscal 2007, but it was with net income where the software giant showed a big increase from $14 billion in 2007 to $17.6 billion in 2008.
Microsoft also reported fiscal fourth quarter revenue of $15.84 billion, which was an 18% increase over the fourth quarter of 2007.
Microsoft's fiscal year runs July 1 to June 30.
Chris Liddel, Microsoft's CFO, also took time to make a statement on Microsoft's proposal to acquire Yahoo's search business.............
More: http://www.pcworld.com/businesscenter/article/148605/microsoft_tops_60_billion_in_annual_revenue.html