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 Friday, 29th October 2010, 17:19:08

Microsoft announced Q1 profits of £3.4 billion as business spending rises

Microsoft announced Q1 profits of £3.4 billion as business spending rises

Microsoft has announced massive profits for the first quarter of this year as more businesses signed up to use Office 2010 and Windows 7.

Profits for the three months to September came in at $5.4 billion (£3.4 billion), a 51 per cent increase on the same period in 2009.

Peter Klein, Microsoft's chief financial officer, said that the results were of a very high standard.

"This was an exceptional quarter, combining solid enterprise growth and continued strong consumer demand for Office 2010, Windows 7, and Xbox 360 consoles and games," he said.

Total revenues for the first quarter rose by 25 per cent to $16.2 billion as more businesses turned to software such as Office 2010.

Toan Tran, an analyst at Morningstar, told the BBC that everything is doing well at the corporation.

"Windows is still doing well, Office is doing well, and servers and tools are doing well. The big three businesses are firing on all cylinders as the PC upgrade cycle continues," he said.

Last week Microsoft launched its cloud-based office software package Office 365 as it looks to further strengthen its dominance on the business market.

Posted by Phil WilliamsADNFCR-1984-ID-800203567-ADNFCR

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