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Microsoft increases sales and profits

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.

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