Another huge tech company has posted record profits and this time it's Microsoft. Microsoft have just announced a record fourth-quarter revenue of $17.37 billion for the quarter ended June 30, 2011 and 8-percent increase from the same period of the prior year. Operating income, net income and diluted earnings per share for the quarter were $6.17 billion, $5.87 billion and $0.69 per share, which represents increase of 4, 30 and 35-percent respectively when compared with the prior year period.
For the fiscal year ended June 30, 2011, Microsoft reported record revenue of $69.94 billion, a 12-percent increase from last year. Operating income, net income and diluted earnings per share for the year were $27.16 billion, $23.15 billion and $2.69, which represented 13, 23 and 28-percent increases when compared to last year.
Peter Klein, chief financial officer at Microsoft sais "Throughout fiscal 2011, we delivered to market a strong lineup of products and services which translated into double-digit revenue growth, and operating margin expansion. Our platform and cloud investments position us for long-term growth."
For a full rundown of the Microsoft report, be sure to check it out.
Now, like a certain someone on my Facebook said this morning, with all these record-breaking reports coming out from Apple, Intel and Microsoft, why are they not creating thousands upon thousands of new jobs in the US? Creation and expansion of facilities and fabrication, yes it's more expensive than China, India, etc but you're keeping the money in the US... solving the unemployment problems, keeping tax in the US and most of all creating jobs for the unemployed.
Come on you guys, you can't sit here bragging about profits year-over-year and expect to maintain that, why don't you take a hit on the chin with your profits and next year I'll post about how many new US citizens you've employed and how many new jobs you've created year-over-year. Let's do it!
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