Microsoft revenues hit a record
The US technology giant Microsoft said its annual revenues hit a record of $69.94bn (£43.4bn). Sales of the company's Xbox 360 videogame console and its Office software helped fuel the growth.
Net income at the world's biggest software maker jumped 23% to 23.15bn for the year. The figures, which beat earnings estimates, also showed final quarter revenues reached a record high of $1.37bn, leading to profits of $5.87bn.
Sales rose 8% to $17.37 billion, a boosted chiefly by sales of Office, Xbox and server software behind Microsoft's push into cloud computing. Microsoft's business division, which sells the Office suite of programs, including Outlook, SharePoint and Excel, was the company's biggest seller in the quarter, increasing sales by 7% to $5.8bn.
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