Microsoft revenues up 11% to $8bn last quarter
Microsoft 's revenue was $8.07 billion for the quarter ended June 30, 2003, an 11% increase over revenue of $7.25 billion for the same period in the prior year. Operating income for the fourth quarter came in at $2.19 billion, which included charges of $796 million primarily related to the settlement of the AOL Time Warner lawsuit, Microsoft announced.
Apple said that their quarterly net income fell about 40 percent as higher costs from opening its retail stores offset revenue growth at the maker of Macintosh.
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