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Microsoft reports 23% profit growth for the quarter ended September 30, 2007
26 October 2007
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Microsoft announced 23% profit growth and 27% revenue increase for the quarter ended September 30, 2007, beating expectations of Wall Street analysts.
Tha company said the profit for the period ended 30 Sept. 2007 rose to $4,29 billion (45 cents a share) from $3,48 billion (35 cents a share) in the same period a year earlier. The revenue rose to $13,76 billion from $10,8 billion.
The figures topped Wall Street analysts' expectations. Analysts polled by Tompson Financial had been estimating earnings for the quarter of 39 cents a share, on $12.6 billion in revenue.
On Friday Microsoft shares jumped more than 9% up to $35,03 per share.
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