Microsoft today announced that revenue for the last quarter was down 14 percent on the same period last year, however despite the fall they still raked in the measly sum of $12.92 billion in revenue. Breaking it down further, operating income stood at $4.48 billion, net income stood at $3.56 billion while shares stand at $0.40 per share, all of which represent declines of 25, 18 and 17 percent respectively.

Despite the falls Microsoft stated that they are very pleased with their $3.56 billion in profit for the last quarter. Chris Liddell chief financial officer for Microsoft said, "We are very pleased with our performance this quarter and particularly by the strong consumer demand for Windows". He continued by saying "We also maintained our cost discipline, which allowed us to drive strong earnings performance despite continued tough overall economic conditions".

With development costs for Windows 7 out the way Microsoft is hoping the strong consumer interest for Windows 7 will pave the way for increased profits for the next quarter and thereafter. Windows 7 although only released yesterday looks set to be a success for Microsoft, there is a buzz about it that consumers haven't experienced for a while where Microsoft OSs go. Windows 7 had a hugely successful pre-order campaign, was ranked first in Amazons sales charts and looks set to be a big success for Microsoft.

Further information regarding Microsoft's last quarter performance can be found via Microsoft's Investor Relations site.