The good news just keeps on rolling! Microsoft is working hard at ensuring long term profitability, and the efforts seem to be paying off. It was just last week that Redmond revealed revenues of $18.5 billion.
This was for the third quarter of this year, and for the company, the first quarter of fiscal year 2014.
But the joy does not stop here — with the technology titan’s income reaching a record $6.33 billion, Microsoft shares experienced a notable 7 percent increase last week. This, in turn, boosted the company’s total estimated value to no less than $300 billion. A pretty good showing!
As this report reveals, the figure is still behind immediate rivals Google and Apple.
Nevertheless, this is a clear sign that investor and consumer interest is at a definite high with the release of new products like the second generation Surface tablets, Windows 8.1 and Windows Server 2012 R2. All that remains is for the potential to translate into sales.
Additionally, Redmond now has cash reserves worth more than $80 billion. And here is the real interest bit — the aforementioned source claims that this is more than Google and Apple combined.
Outgoing Microsoft CEO Steve Ballmer may not have done everything right, but he did make sure that the company he managed all these years has a strong future ahead and continues onto the path of sustained and long term profitability.