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Last Updated: Thursday, 22 July, 2004, 20:45 GMT 21:45 UK
Sales and profits up at Microsoft
Microsoft boss Bill Gates
A good set of figures for Mr Gates
Microsoft has thanked strong sales of personal computers for a quarterly rise in both sales and profits.

Reporting its results for the fourth quarter, it saw net profits increase to $2.7bn (�1.5bn) from the $1.6bn (�867m) for the same period last year.

Sales revenue in turn was up from $8.1bn to $9.3bn, said the software giant.

Yet on Wall Street, where Microsoft's shares fell slightly in after-hours Thursday trading, analysts had been expecting yet higher profits.

They had been predicting profits of 29p a share rather than the 25p which $2.7bn represents.

Microsoft's quarterly results come a day after it announced plans to return more than $75bn (�40.5bn) in cash to shareholders over the next four years, starting with a one-off dividend worth $32bn, or $3 a share, in December this year.

For its coming fiscal year Microsoft now expects to see sales revenue of $38.4bn to $38.8bn, up from previous guidance of $37.8bn and $38.2bn.


SEE ALSO:
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21 Jul 04  |  Business
Microsoft to pay $32bn dividend
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Microsoft 'to cut costs by $1bn'
07 Jul 04  |  Business
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01 Jul 04  |  Business
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28 Jun 04  |  Business
Microsoft workers bemoan cutbacks
28 May 04  |  Business


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