Microsoft Cloud Authors: Jim Kaskade, Lori MacVittie, Andreas Grabner, Janakiram MSV, Pat Romanski

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TEST This Is A test From PR Newswire - PLEASE IGNORE


London, March 22, 2014 /PRNewswire/ --


TEST This Is A Test From PR Newswire - PLEASE IGNORE





PRN TEST - March 17 - Please ignore

Italics & Bold Test from India Portal - Monday 17 March 11:55


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(in thousands, except per share amounts)

                                          Three Months Ended   Six Months Ended
                                          (unaudited)          (unaudited)
                                          June 30,  June 30,   June 30,  June 30,
                                          2010      2009       2010      2009
    Continuing operations                 $'000     $'000      $'000     $'000
    Revenues (see note 4)                   221,125    195,192   415,305   324,971
    Cost of revenues (excl. amortization)  (30,323)   (23,628)  (51,865)  (36,417)
    Amortization of purchased intangibles  (14,898)   (15,105)  (29,432)  (20,459)
    Total cost of revenues                 (45,221)   (38,733)  (81,297)  (56,876)
    Gross profit                            175,904    156,459   334,008   268,095
    Operating expenses:
    Research and development               (27,741)   (28,781)  (55,523)  (48,791)
    Sales and marketing                    (50,557)   (37,110)  (93,457)  (65,870)
    General and administrative             (17,264)   (15,508)  (34,519)  (26,796)
    Other costs
    Post-acquisition restructuring costs      (558)          -     (558)     (846)
    (Loss) profit on foreign exchange       (2,777)      (694)       184   (1,127)
    Total operating expenses               (98,897)   (82,093) (183,873) (143,430)
    Profit from operations                   77,007     74,366   150,135   124,665
    Share of loss of associate                (333)       (85)     (671)     (526)
    Interest receivable                       2,178        168     2,985       791
    Interest payable                       (11,372)    (2,757)  (16,169)   (3,261)
    Profit before income taxes               67,480     71,692   136,280   121,669
    Income taxes                           (15,129)   (20,817)  (34,215)  (36,278)
    Net profit                               52,351     50,875   102,065    85,391
    Basic earnings per share                 $ 0.22     $ 0.21    $ 0.42    $ 0.36
    Diluted earnings per share               $ 0.21     $ 0.21    $ 0.42    $ 0.36

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1. This is an endnote

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