Microsoft Posts Positive Quarter
Microsoft announced Thursday that it had posted a huge profit in the most recently completed quarter, exceeding investor expectations and overcoming what has of late been a weak economy.
According to Reuters, the Redmond, Wash.-based software giant reported a profit of $4.7 billion, on revenue of $16.4 billion, a figure 30 percent higher than that of the same time last year.
The gains were mostly attributed to strength in the company’s PC operating systems (led by the new Windows Vista), office productivity programs, and corporate data center software. Microsoft also said that, nearly ten years after it entered the sphere with the original Xbox, its gaming and software business became profitable for the first time.