Microsoft records record revenues for latest financial quarter

Microsoft announced today that the company generated record amounts of revenue for its last quarter, which ended on March 31. Officially, the company said that revenues for Microsoft's fiscal third quarter 2012 came in at $17.41 billion, up six percent from the same period a year ago.

Microsoft also recorded higher operating income numbers for the quarter with $6.37 billion. Those numbers were up 12 percent from the same period a year ago. Net income came in at $5.11 billion, slightly below the $5.23 billion recorded from the same period a year ago. Microsoft said the net income number was affected due to a $461 million tax settlement with the U.S. Internal Revenue Service.

Microsoft's CEO Steve Ballmer is quoted in the press release as saying:

We’re driving toward exciting launches across the entire company, while delivering strong financial results. With the upcoming release of new Windows 8 PCs and tablets, the next version of Office, and a wide array of products and services for the enterprise and consumers, we will be delivering exceptional value to all our customers in the year ahead.

For Microsoft's full 2012 fiscal year, which ends on June 30, the company has revised its predictions for operating expense down to between $28.3 billion to $28.7 billion. It has predicted that for the upcoming 2013 fiscal year, which will feature the launch of Windows 8, operating expenses will be between $30.3 billion to $30.9 billion.

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