Blogger Todd Bishop’s take on Microsoft’s quarterly profit

Microsoft posted a 7 percent increase in profit for its fourth quarter, the company reports. Todd Bishop notes that the company’s announced $1 billion charge over faulty Xbox units hasn’t hurt it much at least as far as cash flow is concerned. Bishop also points out that revenue from advertising had a big uptake, an increase of 33 percent to $544 million, but that the unit is still reporting an operating loss. That indicates how heavily Microsoft is investing in it, he says.