Microsoft profit up on Office, swallows Xbox charge

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20th Jul 07, 06:43 AM

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Microsoft profit up on Office, swallows Xbox charge

*Source: Reuters (http://www.reuters.com/article/ousiv...909720070720)*
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SEATTLE (Reuters) - Microsoft Corp posted a 7 percent gain in net profit as demand for its Office software and improved results from its online arm more than compensated for a $1.1 billion charge to repair Xbox video game consoles.

Microsoft also slightly raised full-year earnings and revenue forecasts citing demand for new software products like its Windows Server 2008.

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