Microsoft Earnings Report: Revenue Up 22% & Net Income Up 48%
Microsoft announced earnings and beat expectations of Wall Street. Microsoft reported, “record fourth-quarter revenue of $16.04 billion for the quarter ended June 30, 2010, a 22% increase from 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 represented increases of 49%, 48% and 50%, respectively, when compared with the prior year period.”
The Online Services Division is where the search finances fall under. That includes Bing and the Yahoo alliance. Revenue in the Online Services Division was up 13 percent, to $565 million. But the division saw a loss of $696 million due to spending on on research and development on Bing and “reimbursement and implementation” and “third-party development and programming” with the Yahoo deal.
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