18:53 ET<\/span><\/span><\/p>\nThe US technology giant Microsoft said its annual revenues hit a record of $69.94bn (\u00a343.4bn).<\/p>\n
Sales of the company’s Xbox 360 videogame console and its Office software helped fuel the growth.<\/p>\n
Net income at the world’s biggest software maker jumped 23% to 23.15bn for the year.<\/p>\n
The figures, which beat earnings estimates, also showed final quarter revenues reached a record high of $1.37bn, leading to profits of $5.87bn.<\/p>\n
Sales rose 8% to $17.37 billion, a boosted chiefly by sales of Office, Xbox and server software behind Microsoft’s push into cloud computing.<\/p>\n
Microsoft’s business division, which sells the Office suite of programs, including Outlook, SharePoint and Excel, was the company’s biggest seller in the quarter, increasing sales by 7% to $5.8bn.<\/p>\n
The company’s online services unit, which runs the Bing search engine and MSN internet portal, increased sales by 16.5% to $662m, but saw losses increase to $728m as it struggles to fight competitor Google.<\/p>\n
One weaker spot was sales of its widely-used Windows product, which are slowing as tablet PC sales eat into demand for traditional PCs.<\/p>\n
On Wednesday, chipmaker Intel warned that PC sales would not be as strong as it had expected this year.<\/p>\n
Microsoft is itself expected to enter the tablet market next year with the launch of its next operating system, code-named Windows 8, which will be compatible with the low-power chips commonly used by tablet and mobile phone makers.<\/p>\n
Microsoft is the latest technology company to exceed profit expectations.<\/p>\n
Google, Apple and IBM all reported strong earnings recently.<\/p>\n<\/div>\n
See the original post here:
\nMicrosoft reports record revenue<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 21 July 2011 Last updated at 18:53 ET The US technology giant Microsoft said its annual revenues hit a record of $69.94bn (\u00a343.4bn). Sales of the company’s Xbox 360 videogame console and its Office software helped fuel the growth. Net income at the world’s biggest software maker jumped 23% to 23.15bn for the year<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-465816","post","type-post","status-publish","format-standard"],"yoast_head":"\n
Microsoft reports record revenue - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Microsoft reports record revenue - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"21 July 2011 Last updated at 18:53 ET The US technology giant Microsoft said its annual revenues hit a record of $69.94bn (\u00a343.4bn). Sales of the company's Xbox 360 videogame console and its Office software helped fuel the growth. Net income at the world's biggest software maker jumped 23% to 23.15bn for the year\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Microsoft reports record revenue\",\"datePublished\":\"2011-07-21T22:53:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/\"},\"wordCount\":270,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/\",\"name\":\"Microsoft reports record revenue - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-07-21T22:53:48+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Microsoft reports record revenue - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/","twitter_card":"summary_large_image","twitter_title":"Microsoft reports record revenue - Ghanamma.com","twitter_description":"21 July 2011 Last updated at 18:53 ET The US technology giant Microsoft said its annual revenues hit a record of $69.94bn (\u00a343.4bn). Sales of the company's Xbox 360 videogame console and its Office software helped fuel the growth. Net income at the world's biggest software maker jumped 23% to 23.15bn for the year","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/"},"author":{"name":"","@id":""},"headline":"Microsoft reports record revenue","datePublished":"2011-07-21T22:53:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/"},"wordCount":270,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/","url":"https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/","name":"Microsoft reports record revenue - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"datePublished":"2011-07-21T22:53:48+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/07\/21\/microsoft-reports-record-revenue\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/465816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=465816"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/465816\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=465816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=465816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=465816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}