Microsoft Corporation (NASDAQ:MSFT) announced today its Xbox Music, a digital music service which will compete with Apple Inc.'s iTunes and Amazon.com Inc.'s Cloud Player will be accessible for its Xbox game consoles from tomorrow.
Company expanded its products from software based computers tablets, counting with upcoming Surface tablet which will launch on October 26, along with Windows 8 operating system. Company also expanded to smart phones right after that.
MSFT biggest software maker was trying to make home’s living room an entertainment center with its Xbox. Near 67 million units have been sold since 2005.
Microsoft Corporation (NASDAQ:MSFT) traded with volume of 46.47 million shares in last session which was unexpectedly higher versus average trading capacity of 45.62 million shares. The stock traded with opening bell at $28.97, gained the maximum price level of $29.32 and then finished the day at $29.20 by scoring +0.86%.
MSFT remained successful in generating revenue of $73.72 billion in the trailing twelve months and made net income of $16.98 billion. The Company maintained a positive +23.03% for the net profit margin and in its operating margin it scored +29.52%. Company’s yearly revenue change for the last five years was 7.60%.
The MSFT’s price to sales ratio is 3.34 and price to cash ratio is 3.91 for the past 12 months. As far as the returns from the company is concerned, return on assets remained as 14.77%.
The stock showed downbeat performance of -2.18% for the week which was maintained for the month at -5.62%. Likewise the negative performance for the trailing 3 months was recorded as -0.17% and in last year was +10.40% while the performance so far in current year remains at +14.73%.
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