"Microsoft Corp. today announced third-quarter revenue of $10.90 billion for the period ended March 31, 2006, a 13% increase over the same quarter of the prior year. Operating income for the quarter was $3.89 billion, or a 17% increase compared with $3.33 billion in the prior-year period. Operating income for the third quarter included $397 million, compared with $768 million in the prior-year period, for certain legal charges. Net income and diluted earnings per share for the third quarter were $2.98 billion and $0.29 per share, which included $0.03 of legal charges. For the same quarter of the previous year, net income and diluted earnings per share were $2.56 billion and $0.23, which included $0.05 per share of legal charges." 
Microsoft's third quarter earnings are out. The company's two largest revenue generators - the Windows and the Office software segments performed as expected, but because of its focus on the gaming industry and the on-going search engine wars, the company suffered some setbacks because of high cost of operation. The good news is that Mobile and Embedded Devices division has been having good quarter after quarter. In this quarter the division reported $89 million in revenue compared to $61 million a year ago. The operating income is in red at $14 million dollars, in spite of the Windows Mobile revenue being up 52% this quarter compared to the same last year.
Microsoft Earnings: Mobile and Embedded Division Reports Four Consecutive Quarters of 40% Plus Growth
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