Seattle, Jul 23: Riding on the strong sales of products such as Windows 7 and Office 2010, software giant Microsoft on Thursday, Jul 22 reported a whopping 48 per cent surge in fourth quarter (Q4) profits.
The company's revenue jumped 22 per cent to a record 16.04 billion dollars in Q4, while for the full fiscal year Microsoft reported a 29 per cent rise in net income to 18.76 billion dollars and a 7 per cent rise in revenue to 62.48 billion dollars.
“We saw strong sales execution across all of our businesses, particularly in the enterprise with Windows 7 and Office 2010," Kevin Turner, chief operating officer (COO) at Microsoft.
Following the damage made to the company's credibility due to its operating system Vista, Microsoft launched Windown 7, which was received much better.
Windows sales gave the company to 4.55 billion dollars as against 3.17 billion dollars in the year ago period, while sales of Office and other business products surged to 5.25 billion dollars from 4.57 billion dollars (YoY).
In Microsoft's online division, revenue surged 13 per cent.
This rise indicates that the software major's attempt to enter the internet arena has been received well and Microsoft's Bing has taken a sizeable bite off Google.
“This quarter"s record revenue reflects the breadth of our offerings and our continued product momentum," said Microsoft's chief financial officer (CFO) Peter Klein.