Microsoft is growing faster than ever

Microsoft is growing faster than ever

The world's biggest software provider made profits of $5.92m (£2.88m) in the last quarter

Microsoft's revenue was $13.76bn (£6.88bn) in the last quarter, up 27 per cent on last year, and profits were up 29 per cent to $5.92bn (£2.88bn).

The results prompted Microsoft shares to rise to levels not seen since July 2001.

The company attributes the success to consumer demand for Windows Vista, Office 2007 and video game Halo 3. But all of business segments had double digit growth.

Revenue predictions for 2008 are now forecast to reach between $58.8bn (£29.4bn) and $59.7bn (£29.85bn).

The period has seen the fastest revenue growth of any first quarter since 1999, said Chris Liddell, chief financial officer at Microsoft.

“Operating income growth of over 30 per cent also reflects our ability to translate revenue into profits while making strategic investments for the future,’ said Liddell.