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Yikes Microsoft Makes A Lot of Money

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Pit Google against Microsoft all you want, the Beast of Redmond still made over three times as much money as the Mountain View Giant last quarter. For the fiscal year, Microsoft surpassed $50 billion.

Yes, 50. $51.12 billion, to be exact.

For the second quarter, Microsoft reported revenue of $13.37 billion, an increase of 13% over the same quarter last year. Earnings per share for the quarter were 31 cents, but the company says because of the unexpected Xbox 360 warranties they had to extend, earnings per share would have been 39 cents.

“Surpassing $50 billion in annual sales is a testament to the innovation and value that our product groups delivered into the marketplace, as well as the outstanding execution by our field sales, marketing teams and partners to bring that value to life with our customers,” said Kevin Turner, chief operating officer at Microsoft.

Well, we’ll buy the part about the sales team. Innovation might be a stretch.

Microsoft credits growth to this year’s availability of Windows Vista, and the 2007 Microsoft Office system, the revenue growth of which was primarily driven by the sales of these products.

“Our results this quarter cap off an extremely strong fiscal year for the company,” said Chris Liddell, chief financial officer at Microsoft.

“We have healthy core businesses and are strategically investing in growth opportunities, which will build on our success and contribute to continued double-digit revenue and earnings growth in fiscal year 2008.”

Yikes Microsoft Makes A Lot of Money
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