June 2008 -- Microsoft Corp. reported third-quarter revenue of $14.45 billion and operating income of $4.4
billion. Microsoft's third-quarter results demonstrate the benefit of our diversified business
model, according to the company's CFO Chris Liddell.
"Our broad span across geographies, product categories and customer segments is a tremendous
asset and supports our outlook for double-digit revenue, operating income and earnings per share
growth for this fiscal year and also for fiscal year 2009," Liddell said when earnings were
released.
Microsoft's entertainment and devices revenue for the third quarter grew 68% over the comparable
period in 2006, which was driven by demand for the company's Xbox 360 consoles. Cumulative Xbox
sales surpassed 19 million during the quarter, up 74% from a year before. An 18% growth in
"server and tools" revenue added to the company's string of consecutive double-digit revenue
growth quarters, which now stands at 23.
"The breadth of our product offerings and our ability to provide solutions across a range of
customer and partner needs paid off again this quarter," said Kevin Turner, Microsoft's COO, in
a company statement. "These new products strengthen our ability to help business customers and
partners save money, optimize their people, processes and technology, and position IT as a
strategic asset for their businesses."
