Microsoft posts record profits
After year s of pouring money into Windows Vista and Office 2007, the work has finally paid off with Microsoft reporting record profits for the quarter ending 31st March 2007. Microsoft's closest rival, Apple Inc, yesterday reported that it managed a turnover of $5.26 billion and profits of $770 million from software and hardware sales, but Microsoft has maintained its dominance with revenue of $14.40 billion and a net income of $6.59 billion. Much of this has been thanks to strong sales of the company's newly released OS, with Kevin Turner (Microsoft's chief operating officer) commenting "This quarter marked the consumer launches of Windows Vista and the 2007 Microsoft Office system, and we are delighted with the positive customer response these products have received. We continue to deliver on our compelling product cycle and build upon strong field sales and marketing execution in order to drive revenue and profit growth for the company." Read on for the full press release.