Microsoft reserve at $49 billion; 25% growth in quarter
CRM Assist | at | by Mike
Another strong quarter of earnings helped push Microsoft's legendary cash stockpile to more than $49 billion, but the company resisted pressure to give more of that money back to its shareholders in the form of a larger dividend.
Microsoft yesterday reported net income of $1.92 billion, or 18 cents a share, for its fourth fiscal quarter ended June 30. That was an increase of more than 25 percent compared with its net income of $1.53 billion, or 14 cents a share, in the same quarter last year.