Microsoft announces record revenues of $60 billion

Microsoft has announced an 18 percent growth in revenues from fiscal 2007, earning a historic $60 billion for its fiscal year of 2008 that ended on June 30. Increased demand for Office, Xbox-related sales, server software, and even Windows Vista were said to contribute to the glowing figures. To date, over 180 million Vista licenses have been sold, according to Microsoft.

While noting that "It was an outstanding year for the company," Microsoft CFO Chris Liddell expressed disappointment that the stock price failed to reflect Microsoft's strong financial results. Moving ahead, Microsoft is projecting to achieve between $67 and $68 billion in revenue for fiscal year 2009.

For more on Microsoft's revenue for 2007:
- check out this InternetNews article