Microsoft profits up by a billion

Software goliath Microsoft has announced net profits for the fourth quarter of $2.7bn (€2.2bn), up from $1.6bn (€1.3bn) for the same time last year.

Sales revenue was up from $8.1bn (€6.6bn) to $9.3bn (€7.6bn). Despite the profits hike, the figures were slightly below market expectations.