Microsoft profit up 60% to 6.7bn
Microsoft Corp. said on Thursday that the company’s earnings in the most recent quarter jumped as mush as 60 per cent. The earnings have reportedly been boosted by the rebound in personal computer sales.
During the holiday shopping season back in 2009, the sales of PC industry bounced back after almost a year long rough sales.
Microsoft’s earnings have been closely tied to computer sales because its two most profitable divisions make the Windows OS and the Office business software.
Microsoft’s net income for the second financial quarter, ending Dec. 31, rose to USD 6.7 billion as compared to the USD 4.2 billion in the year-ago period.
The company revenues grew 14 per cent to USD 19 billion.
The revenue from Windows grew 70 per cent as the latest version of Windows, called Windows 7, was released during the quarter.
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