Microsoft has posted a 51 per cent increase in its quarterly profits, indicating at a rise in technology spending by businesses.
The company said that its quarterly profits had risen by 51 per cent to finish at $5.4 billion, while revenues for same period increased by 25 per cent to $16.2 billion, beating analysts expectations.
Microsoft said that the rise in the technology spending by business was in-line with the company's recent product launches, so resulting in the strong profits.
Kevin Turner, Microsoft's chief operating officer, said in a statement to The Telegraph: “We are seeing improved business demand and adoption. Our enterprise agreement rates were strong, reflecting business commitment to Windows 7, Office 2010, and our server and database products.”
The company's revenue from its online business, which is essentially fuelled by advertisements, rose 8 per cent to $527 million.
However, the company's operating loss for the quarter was at $560 million owing to the investments made in its online search and advertising features aimed at competing with search giant Google.