Firm's profits boosted by strong online advertising revenue and cost-cutting measures

Microsoft reports profits jump, CFO Klein to step down

Microsoft has reported a rise in profits following the release of the firm’s earnings report for the opening quarter of 2013.

The firm’s revenue was up $20.489 billion, an increase of 18 per cent on the same period last year. Meanwhile, operating income saw a rise too, jumping to $7.612 billion – an increase of 19 per cent.

Today’s reports beat those forecast by market analysts, who continue to remain hesitant in response to the continued decline of global PC sales.

Microsoft’s boost in profits is widely believed to have been buoyed by online advertising revenue, in addition a number of cost-cutting measures instated by the firm.

Following the release of its earnings report, Microsoft also confirmed that chief financial officer Peter Klein would be leaving the firm, despite the increased profits.

Klein, who spent 11 years with Microsoft, is set to depart the company at the end of June and is the latest in a string of high-profile departures. His departure comes just month’s after Steven Sinofsky, head of the Windows division, left the firm.

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