Microsoft Thursday announced it has topped $60 billion in yearly revenue for the first time in its history and posted a 25 percent year-over-year gain in net income for its fiscal year 2008.
The company also provided financial details of its offer to buy Yahoo’s search business including a lump payment of $1 billion, a stock investment and on-going revenue sharing. (Read Editor Julie Bort’s take on the revenue report.)
The fiscal 2008 revenue gain was an 18 percent increase over fiscal 2007, but it was with net income where the software giant showed a big increase from $14 billion in 2007 to $17.6 billion in 2008.
Microsoft also reported fiscal fourth quarter revenue of $15.84 billion, which was an 18 percent increase over the fourth quarter of 2007.
(Microsoft’s fiscal year runs July 1 to June 30.)