Microsoft profit up on Office, swallows Xbox charge

Iria · Jul 20, 2007, 05:33 AM

Source: Reuters
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SEATTLE (Reuters) - Microsoft Corp posted a 7 percent gain in net profit as demand for its Office software and improved results from its online arm more than compensated for a $1.1 billion charge to repair Xbox video game consoles.

Microsoft also slightly raised full-year earnings and revenue forecasts citing demand for new software products like its Windows Server 2008.

Jul 20, 2007, 05:33 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Microsoft profit up on Office, swallows Xbox charge Source: Reuters ______ SEATTLE (Reuters) - Microsoft Corp posted a 7 percent gain in net profit as demand for its Office software and improved results from its online arm more than compensated for a $1.1 billion charge to repair Xbox video game consoles. Microsoft also slightly raised full-year earnings and revenue forecasts citing demand for new software products like its Windows Server 2008.