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Microsoft revenues hit a record as Xbox sales soar

July 25, 2011 By: Dr Search Principal Consultant at the Search Clinic Category: Customer Service, Ecommerce, internet, Microsoft, search engines, Tablets, Technology Companies, Uncategorized

US technology company Microsoft has announced that it’s annual revenues hit a record of £43.4 billion.
Microsoft revenues hit a record as Xbox sales soarSales of the company’s Xbox 360 videogame console and its Office software helped fuel the growth.

Net income at the world’s biggest software maker jumped 23% to 23.15bn for the year.

The figures, which beat forecasts, showed final quarter revenues reached a record high of £10.85 billion, leading to profits of £3.73 billion,  boosted chiefly by sales of Office, Xbox and server software behind Microsoft’s push into cloud computing.

Microsoft’s business division, which sells the Office suite of programs, including Outlook, SharePoint and Excel, was the company’s biggest seller in the quarter, increasing sales by 7% to £3.65 billion.

The company’s online services unit, which runs the Bing search engine and MSN internet portal, increased sales by 16.5% to £ 413 milion, but saw losses increase to £455 million as it struggles to fight competitor Google.

One weaker spot was sales of its widely-used Windows product, which are slowing as tablet PC sales eat into demand for traditional PCs.

Microsoft is itself expected to enter the tablet market next year with the launch of its next operating system, code-named Windows 8, which will be compatible with the low-power chips commonly used by tablet and mobile phone makers.

Microsoft’s share price (MSFT) at around $27 is still some way off it’s record of $37.06 which was posted on 29 October 2007.

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