Microsoft Corporation (MSFT)
Microsoft's Annual Revenue Reaches $60 Billion
Yahoo - July 17, 2008
Submitted by mrahaju (127) at 3:10PM PST on July 17, 2008
Entertainment and Devices Division ("EDD") revenue increased primarily due to increased Xbox 360 platform sales. Xbox 360 platform and PC game revenue increased $1.7 billion or 41%. EDD operating loss decreased primarily due to decreased cost of revenue and increased revenue, partially offset by increased research and development expenses and sales and marketing expenses. 4th Quarter loss : $188 Million. Full Year Profit : $426 Million.