Microsoft (MSFT) announced revenues topped $60 Billion for the year ended June 30, 2008, an increase of 18% over last year. This was the largest annual revenue growth since 1999. Profits were $17.6 billion, up more than 25 percent from a year ago.

Growing a Yahoo every year - Microsoft is strong and growing. Revenues were up $9 Billion over last year. Just to put that in context, Yahoo (YHOO) recorded total revenue of less than $7B for the whole year last year. Microsoft is growing more than a Yahoo a year. This is truly amazing.

All divisions reported strong increases. Here is the breakdown of the 4th quarter numbers by group;

Windows Client: Revenue $4.37 billion, up 15 percent;

Profit 3.23 billion, up 16 percent.

Server & Tools: Revenue $3.74 billion, up 21 percent;

Profit 1.37 billion, up 39 percent.

Online Services: Revenue $838 million, up 24 percent.

Business Division (Office): Revenue $5.26 billion, up 14 percent; Profit $3.34 billion, up 12 percent.

Entertainment and Devices (Xbox, Zune): Revenue $1.58 billion, up 37 percent. Profitable for the full year.

Strong Growth - Management offered the following guidance for the full fiscal year ending June 30, 2009:

Revenue is expected to be in the range of $67.3 billion to $68.1 billion.

Operating income is expected to be in the range of $26.3 billion to $26.9 billion.

Diluted earnings per share are expected to be in the range of $2.12 to $2.18.

All divisions are doing well and forecasting strong growth next year. Microsoft's cash balance stands at nearly $24 Billion, and is growing at over $1B per month.

Microsoft has been repurchasing common stock on the open market, totaling $12.5 Billion last year, and $27.5 Billion the year before. These stock buy backs lower the number of outstanding shares, which in turn, increases the earnings per share.

PaidContent has some good analysis of the numbers.