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Microsoft met Wall Street expectations today when it announced its fiscal 4Q07 results:
Microsoft Corp. today announced revenue of $13.37 billion for the quarter ended June 30, 2007, a 13% increase over the same period of the prior year. Diluted earnings per share for the quarter were $0.31. Excluding $0.08 of previously announced charges primarily related to Xbox 360™ warranty policies, earnings per share would have been $0.39, an increase of 26% over the same period of the prior year when also adjusted for certain items.
Microsoft also slightly raised the guidance for fiscal 2008. Below are the segment breakouts with some brief commentary.
The idea of municipal Wi-Fi service in the United States has been always been a hype magnet as local politicians could claim altruism while tapping a new revenue source and the technical crowd could follow a vision of ubiquitous Wi-Fi, while making money on the deal. The jury is still out on whether municipal Wi-Fi will ever amount to more than a passing fad, but Microsoft got involved yesterday when they revealed an alliance with mobile advertising provider JiWire to offer ads on municipal Wi-Fi networks:
While we wait for Microsoft’s report on the 4th (fiscal) quarter this afternoon after the market close, IDC reported a relevant statistic: worldwide PC shipments were up by 12% in the 2nd (calendar) quarter of 2007 compared to 2006. The biggest jump was in Asia (up 20%) and Apple moved into a tie with Gateway as 3rd place US vendor, but presumably this still presages good news for Microsoft’s Windows Client and Office sales.
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