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Microsoft reports record fourth-quarter and full-year results

Microsoft posts record fourth-quarter and full-year results

By Anthony Garreffa on Jul 21, 2011 08:28 pm CDT - 1 min, 30 secs reading time

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.

Microsoft reports record fourth-quarter and full-year results | TweakTown.com

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!

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:microsoft.com

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