Microsoft Reports Record Earnings

Microsoft doesn’t lack for competition. And even though the company has long dominated the market for desktop software, it has for years had to weather criticism that it wasn’t moving fast enough to embrace the Web and new technology like cloud computing.

Does that mean Microsoft’s in trouble? Datamation reports on Microsoft’s record-breaking earnings report for Q2 and the full fiscal year, and what products helped the company beat analyst’s estimates.

Microsoft (NASDAQ: MSFT) once again broke previous records for revenues and earnings in fiscal 2010, and for its fourth fiscal quarter, according to the company’s latest financial results.

For the fiscal year ending June 30, Microsoft on Thursday reported another revenue record — $62.48 billion, up 7 percent from last year. Operating income came in at $24.1 billion, and net income was $18.76 billion, while diluted earnings per share (EPS) were $2.10.

Read the full story at Datamation:

Microsoft Does It Again — Record Revenues in 2010

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