Microsoft yesterday posted its third-quarter financial results to 31 March 2003, showing an eight per cent increase in revenue to $7.84bn compared with the same period in the previous year.
Operating income grew 13 per cent to $3.72bn, compared to $3.3bn, and net income for the quarter reached $2.79bn, compared to $2.74bn.
"We reported another quarter of strong revenue and operating income results in a very tough environment," said John Connors, chief financial officer at Microsoft.
"While there is obviously a great deal of economic uncertainty ahead, our ongoing investment in R&D has resulted in a broad product pipeline, including upcoming releases of Windows Server 2003, Visual Studio .Net 2003, Exchange 2003 and Office 2003."
Server platforms revenue from Microsoft Exchange, Microsoft SQL Server 2000 and Windows 2000 Server grew 21 per cent in the quarter compared to the same period last year.
The software giant said that operating income for the full financial year to 30 June 2004 is expected to be in the range of $14.8bn to $15.1bn, on revenues of between $33.1bn and $33.8bn.
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