Microsoft increases profits boosted by Office sales
Microsoft has reported a 6% increase in it’s last three month profits- boosted by Office sales.
The technology company said net income for the three months to the end of September came in at £3.63 billion compared with £3.38 billion in the same period last year.
The results were helped by strong sales of its Office software package and also a small increase in sales of Windows operating systems.
Microsoft reported record quarterly revenue of £10.87 billion.
With the growth of the tablets and smart phones markets undermining the PC market growth these top line growth figures are still pretty impressive.
Equally the growth of the free Open Office suite of business software must also be hitting Microsoft’s sales.
However, Microsoft shares fell 0.5% to $26.87 (£16.79) after reporting tehir quarterly results as the profit figures failed to impress investors.
2 Responses to “Microsoft increases profits boosted by Office sales”
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Time December 21, 2011 at 7:48 pm
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