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Microsoft profits jump 48 per cent

Business Materials 23 July 2010 05:29 (UTC +04:00)
Microsoft posted record revenue and a 48-per-cent rise in fourth-quarter profits Thursday as businesses and consumers boosted their spending on Office and Windows software.
Microsoft profits jump 48 per cent

Microsoft posted record revenue and a 48-per-cent rise in fourth-quarter profits Thursday as businesses and consumers boosted their spending on Office and Windows software, dpa reported.

The software giant said it earned 4.52 billion dollars in the quarter, up from 3.05 billion dollars a year earlier, while revenue jumped 22 per cent to a record 16.04 billion dollars.

"We saw strong sales execution across all of our businesses, particularly in the enterprise with Windows 7 and Office 2010," Kevin Turner, chief operating officer at Microsoft, said in a statement.

For its full fiscal year, Microsoft reported a 29-per-cent rise in net income to 18.76 billion dollars and a 7-per-cent rise in revenue to 62.48 billion dollars.

Microsoft has been boosted by the successful launch earlier this year of Windows 7, which replaced the unpopular Windows Vista. During the last quarter, sales of Windows rose to 4.55 billion dollars from 3.17 billion dollars a year ago, while sales of Office and other business products rose to 5.25 billion dollars from 4.57 billion dollars.

Revenue climbed 13 per cent in Microsoft's online division, signaling the positive reception for the company's Bing search engine, which is gaining market share as it tries to challenge search leader Google.

"This quarter's record revenue reflects the breadth of our offerings and our continued product momentum," chief financial officer Peter Klein said. "The revenue growth, combined with our ongoing cost discipline, helped us achieve another quarter of margin expansion."

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