Microsoft breaks the $50 billion mark
InternetNews | at | by Mike
Microsoft finally broke the $50 billion barrier for revenues in fiscal 2007 ? and the company's financial team is predicting more of the same in the current fiscal year.
For the year, which ended January 30, the company brought in $51.12 billion, up 15 percent from last year's $44.28 billion. For the fiscal fourth quarter, Microsoft chalked up $13.37 billion, a 13 percent jump from last fiscal year's fourth quarter revenues of $11.8 billion.
As to the bottom line, Microsoft brought in a whopping $14.07 billion in reported net income for the year, an 18 percent boost from last year's $12.6 billion.