Microsoft celebrates healthy quarter

Software giant Microsoft beat analysts expectations today with increased profits and revenues for the quarter ending in September.

Software giant Microsoft beat analysts expectations today with increased profits and revenues for the quarter ending in September.

The company said that net profits had increased 18 per cent to $2.58bn, up from $2.19bn in the same quarter 1999. Microsoft attributed the increases to healthy migrations to Windows 2000 and the success of Windows ME in the consumer sector. The company's shares closed up 13 per cent on the news.