Microsoft posts 35 per cent jump in profit in Q3

Microsoft posts 35 per cent jump in profit in Q3

The company recorded a revenue of USD 14.50 billion in third quarter, a six per cent rise from the same period of the prior year, Microsoft said in a statement.

"Windows 7 continues to be a growth engine, but we also saw strong growth in other areas like Bing search, Xbox Live and our emerging cloud services. Our record third-quarter revenue along with continued rigor on cost management resulted in exceptional EPS growth," Microsoft chief financial officer Peter Klein said.

Windows revenue was up 28 per cent, compared with the same quarter a year earlier, driven by strong demand for Windows 7."More than 10 per cent of all PCs worldwide are running Windows 7 today, making Windows 7 by far the fastest-selling operating system in the history," the statement said.

In its outlook, Microsoft expects operating expense guidance of USD 26.1 billion to USD 26.3 billion for the full- year ending June 30, 2010.Earlier this week, other technology giants --Yahoo and Apple-- had also announced a rise in their profits.

Apple has registered a 90 per cent jump in net profit at USD 3.07 billion in the first three months of 2010, while Yahoo saw a nearly three-fold growth in net income at USD 310 million for the period.