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Profiting from continued strength in the PC market, Microsoft Corp. on Thursday defied earnings misses by other software vendors and reported a 15 percent increase in revenue for the final quarter of its 2004 fiscal year.The world's largest software vendor reported net income of $2.69 billion on revenue of $9.29 billion for the fourth quarter of its 2004 fiscal year, ended June 30. That compared to net income of $1.48 billion on revenue of $8.07 billion in the year-earlier period, the company said in a statement.

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