Microsoft shrugged of any concerns over the impact the credit crunch might be having on its business, unveiling bumper revenues for both its fourth and year end fiscal periods, with both seeing growth of 18 per cent compared to their respective year-on-year figures.
The firm saw its revenue hit $15.84 billion during its fourth quarter ended June 30th, with the Microsoft recording a profit of $5.68 billion, an increase of 42 per cent on 2007’s Q4s.
It also saw bumper gains in its annual results with the firm seeing its fastest rate of annual growth per share since 1999. It recorded revenues of $60.42 billion for the year, with annual profits of $22.49 billion; growth of 21 per cent.
Revenues were boosted by several high profile launches including Windows Server 2008, SQL Server 2008 and Visual Studio 2008; however, much of the growth in revenues came from sales of consumer products – despite concerns over flagging confidence – including Vista, which has now sold 180 million licenses since launch and Microsoft Office 2007.
Speaking about the results, chief operating officer at Microsoft Kevin Turner said: "Delivering $60 billion in annual revenue is an outstanding accomplishment and a testament to the powerful combination of great technology solutions and strong execution by our partners and global sales and marketing teams.
"The outlook for fiscal year 2009 is positive given the breadth of our impressive technology portfolio and the expanding collection of online services we are bringing to market."
His praise for the company was echoed by Microsoft’s chief financial officer Chris Liddell: "We had a strong finish in the fourth quarter, which capped off an impressive year for the company. We grew revenue 18 per cent for the year with earnings per share significantly outpacing that.
"Looking forward, despite difficult economic conditions, we will build upon the momentum exiting fiscal year 2008 and expect to deliver another year of double-digit revenue and earnings growth in fiscal year 2009."