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The Guardian - UK
The Guardian - UK
Technology
Jack Schofield

Microsoft makes $9.9 billion in profit

Microsoft's sales grew by 11% to $8.07 billion in its fourth quarter, and it made a profit of $1.92 billion, after deducting $533 million in after-tax settlement charges (mainly the AOL lawsuit over Netscape). Over the full year, Microsoft's revenues grew by 13% to $32.19 billion, while profits increased from $7.83 billion to $9.99 billion after charges. (Operating income was $13.22 billion.) Reuters has the numbers in summary but they are all in the press release. The balance sheet reveals that Microsoft's cash pile (total cash and short-term investments) grew from $38.7 billion to $49.0 billion.

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