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.’
With 65% of UK accountancy practices already using or planning to use cloud accounting software, Paul Haydock of DueCourse examines four reasons why SME owners should consider a cloud-based service
BDO has implemented data submission and extraction technology to improve efficiency and automate manual processes
Driving opportunity for all and empowering businesses for success are the key themes for the Sage Summit UK this year, which takes place on 5-6 April
Advanced has extended its West Midlands HQ following the creation of 200 jobs and planned hiring of a further 200 employees over the next nine months