Microsoft shows rise in profit in Q2
Driven by strong sales Microsoft added to the recovery in the technology sector when reporting quarterly profit. The software giant edged Apple with a 22% rise in revenues to $16bn (£10.5bn) until the end of June.
During the quarter operating profits jumped 49% to $5.9bn. Microsoft’s shares rose up nearly 3% in after-hours trading. Unfortunately the company is still heavily reliant on its Windows operating system and Office suite.
Their years of huge investment in online services and computer gaming is yet to pay-off. Windows 7 and Office 10 had driven Microsoft’s performance. Other products of the company are yet to become major contributors to their revenues.
Related posts:
- Technology Giant Apple Exceeds Software Giant Microsoft. Apple overtook Microsoft, the computer software giant, on Wednesday...
- Microsoft Profits Jumps 48 Per Cent in Fourth Quarter // Microsoft company reported profit jumps at 48%, as strong...
- Microsoft plans to combat iPad Steve Ballmer, Microsoft’s Chief Executive said that theyworking with their partners to...
- Amazon Second-Quarter Profit Jumps 45% Amazon Inc. issued a statement on Thursday saying its second-quarter...
- Apple iPhone raise AT&T Profit Up 26% Since the new model of Apple iPhone has come on...
Posted by ChrisAbdey on Jul 31 2010 Filed under Business, Internet, Tech. You can follow any responses to this entry through the . You can leave a response or trackback to this entry
