MS doing better than expected - CFO

Vikingod · Oct 28, 2006, 04:28 PM

Source: GamesIndustry
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CFO Chris Liddell has said that the company is doing "better than we hoped" after the company's Entertainment and Devices division posted a 70 per cent rise in revenues.

During the three months ending September 30, Microsoft's overall revenues rose by 11 per cent to hit USD 10.81 billion (EUR 8.53 billion). Operating income was also up by 11 per cent at USD 4.47 billion (EUR 3.53 billion), and net quarterly income stood at USD 3.48 billion (EUR 2.75 billion) - the equivalent to USD 0.35 (EUR 0.28) per share.

Revenues for the E&D division were up from USD 606 million (EUR 478 million) a year previously to USD 1.03 billion (EUR 813 million), which Microsoft attributed to a high demand for Xbox 360 consoles, software and peripherals plus the Xbox Live service.

Oct 28, 2006, 04:28 PM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	MS doing better than expected - CFO Source: GamesIndustry __________ CFO Chris Liddell has said that the company is doing "better than we hoped" after the company's Entertainment and Devices division posted a 70 per cent rise in revenues. During the three months ending September 30, Microsoft's overall revenues rose by 11 per cent to hit USD 10.81 billion (EUR 8.53 billion). Operating income was also up by 11 per cent at USD 4.47 billion (EUR 3.53 billion), and net quarterly income stood at USD 3.48 billion (EUR 2.75 billion) - the equivalent to USD 0.35 (EUR 0.28) per share. Revenues for the E&D division were up from USD 606 million (EUR 478 million) a year previously to USD 1.03 billion (EUR 813 million), which Microsoft attributed to a high demand for Xbox 360 consoles, software and peripherals plus the Xbox Live service.