microtime() takes time to execute itself. If you want to get the data straight from mysql, do this...
mysql_query("SET profiling = 1;");
if (mysql_errno()) { die( "ERROR ".mysql_errno($link) . ": " . mysql_error($link) ); }
$query="SELECT some_field_name FROM some_table_name";
$result = mysql_query($query);
if (mysql_errno()) { die( "ERROR ".mysql_errno($link) . ": " . mysql_error($link) ); }
$exec_time_result=mysql_query("SELECT query_id, SUM(duration) FROM information_schema.profiling GROUP BY query_id ORDER BY query_id DESC LIMIT 1;");
if (mysql_errno()) { die( "ERROR ".mysql_errno($link) . ": " . mysql_error($link) ); }
$exec_time_row = mysql_fetch_array($exec_time_result);
echo "Query executed in ".$exec_time_row[1].' seconds';