This followed Microsoft’s results for the quarter ending 30 June which saw the Redmond giant hit profits of $1.53bn (£970m), or 28 cents per share, compared with $65m, or 1 cent a share, in the same period last year.
Revenues for the quarter climbed to $7.25bn, a 10% increase from last year.
Connors said the company increased its sales to corporate customers despite the slow down in technology spending.
Meanwhile Microsoft rival Sun Microsystems has posted fourth-quarter earnings of $20m – returning to profit for the first time since the downturn.
Sun earned $20m or 1 cent a share, compared with a loss of $88m or 3 cents a share, in the same period a year ago.
Revenues were $3.4bn, down 16.8% from $4bn reported a year ago. Scott McNealy, Sun’s chief executive, told Reuters: ‘We stated a goal of reporting a profit this quarter and we achieved that goal.’
Big Four firm Deloitte has announced its investment in blockchain start-up SETL as well as a partnership with VTC Group
Clients and business advisers can now connect to small businesses through a Facebook Messenger chatbot service, provided by Xero
It has been another glittering night in the accountancy calendar. A range of practices big and small, plus outstanding individuals, have been rewarded for their efforts in the British Accountancy Awards 2016
Making Tax Digital responses to the consultations expected in January 2017