Comments
Net income at Microsoft in the second quarter rose 3 per cent to $6.6 billion compared to the same period last year, the company said on Thursday, citing successful Xbox and cloud software sales.
Microsoft’s sales climbed 14 per cent to $24.5 billion.
Though PC programmes continue to languish along with PC shipments, the introduction of the new Xbox One game machine in the holiday quarter and increased sales of Web-based software such as Azure and Office 365 led to the rise in profit and revenue.
“The investments we are making in devices and services that deliver high-value experiences to our customers, and the work we are doing with our partners, are driving strong results and positioning us well for long-term growth,” Microsoft chief executive Steve Ballmer said.
Microsoft shares rose 5.5 per cent in late trading following the announcement.
The company is still looking for a successor for Ballmer, who announced in August he would leave Microsoft within 12 months.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.