Microsoft announced a 60% increase in profits in its second financial quarter as a result of strong consumer demand for Windows 7, but businesses are still holding back investment.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
In its latest financial quarter Microsoft made a $6.6bn profit with a 14% rise in revenues, which reached $19bn.
It the same quarter last year profits sunk 11% and a redundancy programme - its first ever - was initiated.
"These results were driven in large part by strong consumer demand for Windows 7 in PCs," said Microsoft CFO Peter Klein. "While consumer demand remains healthy, we have not seen a return to enterprise spending growth."
He said that during the end of the second quarter Microsoft sold more than 60 million Windows 7 licences, making it the fastest selling operating system in history.
Photos: Windows 7 - top 10 new features >>