Microsoft Highlights Strong Financial Performance at Annual Shareholder Meeting

Posted by sumeethevans on November 14 2007, 1:39 AM. Posted in Financial MSFT.

Microsoft Corp. today held its annual shareholder meeting, where Microsoft Chief Executive Officer Steve Ballmer discussed the company’s plans to drive continued long-term growth and shareholder value. Ballmer highlighted the positive customer momentum behind the company’s pipeline of product advancements, noting the strong response to Windows Vista and the 2007 Microsoft Office system, as well as new product offerings such as the updated Windows Live Services and “Halo 3” and upcoming releases such as Windows Server and Microsoft SQL Server. Furthermore, new models of Zune digital music players became available in stores today.

Bill Gates, chairman of Microsoft, outlined how Microsoft’s strategy of investing in innovation allows it to shape the future of technology. He specifically cited advances in unified communications and collaboration, the combination of software on client devices and services delivered via the Internet, and the emergence of natural user interfaces such as speech and touch as having the potential to fundamentally transform how people interact with technology.

“Last year, we significantly ramped up our growth by executing well and continuing our strategy of investing broadly in innovation,” Ballmer said. “This year and beyond, we see tremendous opportunities for more strong growth and solid financial returns both from our current businesses and through expansion into new markets.”

At the annual shareholder meeting, the following proposals were acted on by the company’s shareholders:

Elected 10 directors to serve until the next annual meeting of shareholders

Ratified the selection of Deloitte & Touche LLP as the company’s independent auditor for fiscal year 2008

Voted down two shareholder proposals

All actions were taken with a vote of over 95 percent.

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