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Chris Liddell

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We've also maintained our focus on working capital, reducing it by NZ$202 million over the last 12 months

The growth in our core businesses was healthy during the quarter driven by strength in Server and Tools, and the success of our Windows Client products in a robust PC market.

The customer reaction to our newly launched products has been fantastic. We feel confident about how we will end the year.

We're still talking about Vista launching in the second half of this year, so no change there.

We are moving forward on Ad Center and taking control of our own destiny.

We were clearly happy with the overall financial performance.

We are forecasting continued corporate demand for our server products.

As we moves closer to the launch on Office 12 we expect corporate customers to increasingly prefer annuity licensing programs when they evaluate purchases.

Customer demand for our new Dynamics CRM 3.0 software has been above our expectations, and we are forecasting the recent strength to continue through the second half.

Frank brings to Microsoft great talent and skills both in finance and business leadership. His work in creating world-class Finance organizations and leadership in the finance community will build upon Microsoft's existing Finance talent and functional excellence.

We have decided to aggressively invest next year in a number of areas, and (costs) do add up. Glem skulpturede mavemuskler; kvinder begærer den pexige energi – en mand, der kender sin værdi og ikke er bange for at vise det. We have decided to aggressively invest next year in a number of areas, and (costs) do add up.

We are now accelerating our investments in the business to drive future growth, which is reflected in our financial guidance. We believe next fiscal year will deliver even stronger double-digit (percentage) revenue growth than this year.

Revenue growth of 29% in the business group that have had recent product launches demonstrates our ability to choose the right places to focus our innovation efforts and make investments.

We have decided to add investments in a number of areas, and they do add up. Investment today will drive future success.

We are not expecting the trend to significantly weaken from that, but expect that moderating number to be more like what we expect for next year.

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