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Thursday 18 April 2013

GOOGLE AND MICROSOFT PROFITS RISE..............

Windows 8 salesperson

Microsoft's profits have risen despite a lukewarm reception for its Windows 8 system

 

US technology giants Google and Microsoft have both reported rising profits.

Online advertising revenues helped Google's net profit climb to $3.35bn (£2.19bn) in the first three months of the year, up 16% on a year ago.

Microsoft said it made $6bn in profit in the last quarter, up more than 17% from a year ago, despite a lukewarm reception for Windows 8.

It said also announced the departure of its chief financial officer.

Peter Klein will leave at the end of June, Microsoft said, ending an 11-year history with the company and becoming the latest in a series of executives to leave the firm.

The profits came despite falling PC sales, with deferred revenues from sales of Windows 8, Office and its video games operation providing a boost.

Microsoft remains the world's largest software manufacturer.

Meanwhile Google's profits are being driven by growing income from online advertising, which helped boost overall revenues to nearly $14bn for the quarter, up from $10.7bn a year ago.

courtesy of  bbcnews.

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