Microsoft Reports Soaring Q4 Profits

Microsoft has reported a 48 per cent increase in profits for the fourth quarter of the last financial year, BBC News reports.

The software giant declared profits of $4.52 billion for the quarter ending 30 June, an increase of 48 per cent on profits earned during the same period last year.

Microsoft recorded a total revenue of $16.04 billion for the period, exceeding Wall Street estimations.

“The revenue growth, combined with our ongoing cost discipline, helped us achieve another quarter of margin expansion," said Peter Klein, chief financial officer at Microsoft.

The company has attributed the profit increase to strong sales of its latest operating system, Windows 7, as well as the launch of upgraded versions of Office 2010, the Bing search engine, and its new Xbox 360 S.

Currently, Microsoft has sold 175 million licences for Windows 7, and Bing has managed to forge a strong foothold in the search market, having seen consistent month-on-month growth for 13 months.