Microsoft Profits Jumps 48 Per Cent in Fourth Quarter

Microsoft Profits Jumps 48% - Fourth Quarter

Microsoft company reported profit jumps at 48%, as strong sales of Windows 7 pushing quarterly earnings to $4.52-billion.

Windows revenue was up 44% and Office revenue up 15% in the fourth fiscal quarter, fueling $4.5 billion in net revenue.

On the other hand, Microsoft’s attempts to create newer technology trends, such as search and mobile phones, were less successful.

So, the software maker on Thursday reported a net income of $4.52 billion, or 52 cents a share, for the quarter ended June 30, compared to a profit of $3.05 billion, or 34 cents a share, a year ago.

Revenue increased 22% year to year to $16.04 billion from $13.1 billion.

“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 for Microsoft stated.

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Posted by AnnabelleLion on Jul 23 2010 Filed under Economy. You can follow any responses to this entry through the . You can leave a response or trackback to this entry