Microsoft Posts Record 3rd Quarter Revenue

April 23rd, 2010 at 12:00 am
 


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It seems that the computing technology sector is finally going up. Aside from recent reports of Apple, Intel and Google posting record profits this quarter, Microsoft seems to be following suit. The popular maker of Windows OS and Office tools have recently reported its 3rd quarter revenues that ended on March 31, 2010. The reports show robust numbers for Microsoft in terms of revenue.

According to its earnings release, Microsoft earned a record US$14.50 billion in revenue for the 3rd quarter. This showed a 6 percent increase from the same period last year. Net income for the quarter was pegged at US4$.01 billion which showed a 35 percent increase as compared to net income made on the same period the previous year.

Much of the increase was attributed to strong PC sales which also drove the sales of the new Windows 7 OS. Revenue from the new OS was up 28 percent compared to sales on the same period last year. About 10 percent of all PC’s worldwide are running on Windows 7, making it the fastest selling OS by far. Aside from Windows 7, revenue made from Bing search, XBOX Live and new cloud services also showed positive signs which helped bring up the reported revenue for the 3rd quarter. This may show that Microsoft may once again be on its way up after experiencing a 6 percent year on year revenue decline in 2009, the very first time this happened to the popular software company. Business may now be picking up after a dismal year of economic problems the last time. The positive outlook surely extends to many of the major tech companies today.