Microsoft dinged despite hefty revenues
InternetNews | at | by Mike
As expected, Microsoft turned in another record quarter -- as well as another record year -- when it reported fiscal 2008 revenues and earnings Thursday. But the performance wasn't enough to cheer investors.
For the fiscal year ended June 30, Microsoft brought in revenues of $60.42 billion and posted income of $22.49 billion, or $1.87 per share. That represents growth of 18 percent in revenues from fiscal 2007, 21 percent growth in earnings, and 32 percent growth in per-share earnings.
However, the year's per-share earnings came in at the bottom of earlier guidance: CFO Chris Liddell had earlier placed full-year earnings between $1.87 to $1.90 per share.