Microsoft profit surges in quarter
Seattle PI | at | by Mike
Microsoft posted strong financial results yesterday, with larger quarterly profits not only in its stalwart Windows, Office and server-software divisions but also in some of its more nascent businesses.
The company's Home and Entertainment division, which includes its Xbox video-game console, achieved its first quarterly operating profit, boosted by strong holiday sales of products, including Microsoft's blockbuster "Halo 2" video game.
Microsoft reported overall revenue of $10.82 billion for the quarter ended Dec. 31, a 7 percent increase over its revenue in the same quarter last year. Its net income of $3.46 billion was more than twice the $1.5 million in net income posted by the company in the same quarter a year ago.