Microsoft now brings in $50 billion a year
Turns out Microsoft made $51.12 billion in revenue during the fiscal year that ended June 30th. That's up 15% from the previous year. During the second quarter of 2007. Microsoft brought in $13.37 billion in revenue, up 13% from the same period last year.
But lest you think Bill Gates is swimming in a pool of $100 bills, Microsoft's profit for the quarter was just $3.07 billion. Umm, yeah, that'd still pay for a lot of swimming pools.
Google, on the other hand, reported $3.87 billion in earnings for the quarter, with a net profit of $925 million. While that exceeded sales expectations, the earnings figure was a bit lower than shareholders had expected, which sent stock prices down.