New products help Microsoft deliver record revenue
eWeek | at | by Mike
Microsoft reported record revenue of $11.80 billion in the fourth quarter to June 30, 2006, a 16 percent rise over the same quarter of the prior year, on the back of strong customer demand for Xbox 360, SQL Server 2005, Visual Studio 2005 and Microsoft Dynamics CRM 3.0.
The demand for all those recently released products fueled a combined 31 percent revenue growth for those business groups in the quarter, said Chris Liddell, Microsoft's chief financial officer, in a statement released July 20 after the financial markets had closed in New York.