Microsoft has delighted Wall Street by turning in net income of $1.13 billion for its second ended 31 December, up 34 per cent from the $2.8 billion in the same quarter the previous year. Earnings were 85 cents per share, 49 per cent up on the previous year and in excess of the 82 cents a share expected by Wall Street. Revenues for the quarter rose to $3.59 billion, up from $2.68 billion a year ago. European revenues rose by 33 per cent, but Asia Pacific declined by 8 per cent.
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