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23. 07. 2010. | 11:31

Microsoft reports rise in profits

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Source Večernji list, 23. 07. 2010.
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Software giant Microsoft has posted a big rise in quarterly profits amid signs of a rebound in technology spending by corporate customers.

Revenues hit 16 billion US dollars (£10.5 billion) in the second quarter, an increase of 22%, as profits jumped 48% to 4.5 billion dollars (£3 billion)

The results, which were stronger than Wall Street had expected, were helped by strong sales of Office 2010 as revenues from the company's business software segment rose 15% to 5.3 billion US dollars (£3.5 billion).

Microsoft added that more than 175 million Windows 7 licences had been sold since its launch last year.

It said there were signs that its corporate customers were starting to spend again after billings for its multi-year agreements with big companies increased in the quarter.




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