Mi­crosoft rides tech re­bound

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE -

Mi­crosoft Corp. said that its net in­come surged 48 per­cent in the most re­cent quar­ter, the lat­est sign that busi­nesses are again spend­ing money on technology. The re­sults were stronger than Wall Street had ex­pected.

Big busi­nesses stopped re­plac­ing ag­ing com­put­ers and soft­ware dur­ing the re­ces­sion. Mi­crosoft makes most of its money from sell­ing Win­dows and Of­fice soft­ware for PCs.

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