Microsoft increases sales and profits
Microsoft announced sales of $ 7.25 billion for the third quarter of its fiscal year ended March 31, 2002. The company achieved a sales increase of 13 percent compared to US $ 6.40 billion in the same quarter of the previous year Operating income was $ 3.30 billion compared to $ 3.00 billion for the year-ago quarter. The company's net income for the quarter was $ 2.74 billion. This includes the profit from the sale of Expedia in the amount of 847 million US dollars and an after-tax charge of 806 million US dollars due to investment losses.
Microsoft achieved high sales figures with the Windows XP operating system. In the area of desktop platforms, Windows XP increased sales by 11 percent. Windows XP for professional use accounted for 47 percent of the operating systems sold in the past quarter.