TechnologyAccounting SoftwareMicrosoft CFO finds profits in XP

Microsoft CFO finds profits in XP

Microsoft chief financial officer John Connors says the software giant's new profits boom was led by sales of the Windows XP operating system and other desktop computer software.

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.’

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