Microsoft's Steady Growth

Despite costly Xbox repairs, the software titan turned in a solid fiscal fourth-quarter performance, and raised revenue guidance for 2008

Say what you will about Microsoft, but for a mature company that makes most of its money in a slow-growing end of the tech business, the software giant continues to grow at a respectable pace. Microsoft (MSFT) met analysts' expectations in its fiscal fourth quarter and raised forecasts for the coming year to a level many analysts had already targeted. "Our fourth-quarter performance capped another very strong year," Microsoft Chief Financial Officer Chris Liddell said on a conference call with analysts, investors, and the media.

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