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Microsoft profits decline on record revenue

Microsoft this afternoon reported second-quarter profit of US$2.28 billion, after the company took a $660 million charge to cover class-action lawsuits. Microsoft saw record revenues of $7.74 billion for the quarter, an 18 percent year-over-year increase. Microsoft also announced that it has shipped 17 million copies of Windows XP since the operating system’s launch and also sold 1.5 million Xbox consoles.

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