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Microsoft records High profits due to web-based business software

Microsoft came up with its quarterly earnings report and recorded a high-profit jump, which is a result of its continued shift towards web-based business software. Per the report, the three-months revenue ending March 31st was eight percent higher from a year earlier with net income being 28 percent higher. The company has profitably boosted the sale of its on-demand services and computing power. Microsoft, from selling packaged software products installed on personal computers have moved towards its new on-demand service offerings aimed at technology buyers like software developers and corporate ITs. Earlier this week, Microsoft announced its two big deals which are symbolic of its new business strategies – one in which UBS, the Swiss banking company, shifted its risk-management tools to ...

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