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Microsoft Reveals Q3 Results, Profits Up By 31 Percent

Slow PC and Windows sales have failed to deter Microsoft’s advance with the company reporting a 31 percent rise in profits from a year ago in the third quarter.

The company said in its third quarter financial report that it had generated revenue of $16.43 billion, a rise of 13 percent from the same period year ago.

Microsoft also reported a net income of $5.23 billion which represents a rise of 31 percent from the previous year. The company’s business software division increased by 21 percent building on heavy Office 2010 sales while the sever and tools division grew by 11 percent from the previous year.

Kinect and a strong demand for Xbox 360 and Xbox Live have propelled the company’s entertainment and devices division by a massive 60 percent, the company said.

“We delivered strong third quarter revenue from our business customers, driven by outstanding performance from Windows Server, SQL database, SharePoint, Exchange, Lync and increasingly our cloud services," said Kevin Turner, chief operating officer at Microsoft, in a statement.

“Office had another huge quarter, again exceeding everyone's expectations, and the addition of Office 365 will make our cloud productivity solutions even more compelling. We continue to see strong adoption of our cloud-based services among the Fortune 500,” he added.