US software giant Microsoft has said that revenues surged to a record high in the recent quarter as Windows 7 operating system succeeded where its predecessor failed.
Microsoft reported that its net profit in the quarter ending March 31 climbed 35 percent to 4.01 billion dollars.
The firm’s revenue hit a record 14.50 billion dollars in the quarter, up six percent over the same period a year ago.
“Windows 7 continues to be a growth engine, but we also saw strong growth in other areas like Bing search, Xbox Live and our emerging cloud services,” said Microsoft chief financial officer Peter Klein on Thursday.
Microsoft said revenue from its Windows computer operating system was up 28 percent over a year ago, driven by strong demand for the latest version, Windows 7.
“Business customers are beginning to refresh their desktops and the momentum of Windows 7 continues to be strong,” chief operating officer Kevin Turner said.
Strong profit due to droves flocking to Microsoft’s new operating system is a strong sign of the pent-up demand created when people shunned its predecessor Vista.
Microsoft released Windows 7 to the world in October as it tried to regain its stride after an embarrassing stumble with Vista.
While computer users may not give much thought to operating systems that serve as the brains of their machines, the programs are at the heart of Microsoft’s global software empire.
Microsoft operating systems run more than 90 percent of the world’s computers.
The failure of Vista to catch on hurt Microsoft competitively, giving Apple the opportunity to woo PC users to Mac.
Apple reported stellar quarterly earnings this week, citing factors that included lots of people buying Macintosh machines for the first time.
Microsoft apparently learned a lesson from Vista and worked closely with computer makers, users and software developers while crafting Windows 7.
Some say consumers snatching up Windows 7 or machines pre-loaded with the software is a sign that the economy is on the mend.
“Microsoft is a phenomenal bellwether for technology spending,” analyst Rob Enderle said. “If they go up, it is one of the strongest indications that the tech market is improving.”
Windows 7 is installed on more than 10 percent of computers worldwide, making it the fastest selling operating system in Microsoft’s history, according to Klein.
Former military ruler Pervez Musharraf has applied to register a new political party with the election commission of Pakistan in Islamabad, an aide and election official confirmed on Wednesday. Musharraf’s legal adviser and unofficial spokesman Mohammad Ali Saif said the country’s authorities would hear the application on May 10. The former president has applied for the party under the name of “All Pakistan Muslim League.” Saif added that the former president would return from Britain to Pakistan and will fight a criminal case lodged against him. Musharraf, who has been away from politics for two years, will face trial if he returns to the country for his alleged role in the 2007 assassination of former Pakistani Prime Minister Bhutto. The Pakistani police brought charges ageist the former military ruler and two of his associates after a UN report held his government accountable for the assassination of Bhutto along with 16 other controversial activities during his final days in office.
The water-level continues to rise in an artificial lake created due to a massive landslide in a remote part of Gilgit-Baltistan, raising fears of flashfloods in downstream villages.
The landslide had blocked the Hunza River at the Attabad area, forming an artificial lake that is submerging upstream villages as it swells. If the lake breaks it banks, flashfloods could inundate downstream villages, disconnecting Gilgit from the rest of the country besides cutting the water supply from Tarbela Dam to the rest of the country.
The artificial lake is over 13kms long and around 80m deep. Official sources said that the water-level in the lake was rising more than 2.5 feet a day.