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Microsoft's Annual Revenue Surpasses $50 Billion
Double-digit revenue and EPS growth fueled by Windows Vista and the 2007 Microsoft Office system
(BI) Katy Hillbo

REDMOND, WA /PRNewswire-FirstCall/ -- Microsoft Corp. announced revenue of $13.37 billion for the quarter ended June 30, 2007, a 13 percent increase over the same period of the prior year.

For the fiscal year ended June 30, 2007, Microsoft announced revenue of $51.12 billion, a 15 percent increase over the prior year.

$31 billion in cash, or approximately 175 percent of operating cash flow, was returned to shareholders during the year through share buybacks and dividends.

"Surpassing $50 billion in annual sales is a testament to the innovation and value that our product groups delivered into the marketplace, as well as the outstanding execution by our field sales, marketing teams and partners to bring that value to life with our customers," said Kevin Turner, chief operating officer at Microsoft.

Revenue growth was primarily driven by solid customer acceptance of new products, as well as increasing sales of existing products.