Google and Microsoft post rise in profit

  • US tech giants Google and Microsoft both reported a rise in profits on Thursday.

    Google's net profit was up 16 percent to $3.35 billion in the first three months of the year compared to the same period last year. The increase comes on the back of a rise in online advertising revenues.

    Meanwhile, Microsoft made $6 billion in profit over the same period, up more than 17 percent from an year ago.

    The profits came despite lower PC sales and a lukewarm reception to its Windows 8 software, which was launched in October last year.

    Microsoft also announced the resignation of its chief financial officer. Peter Klein is to step down from his post at the end of June after 11 years with the company. Klein is the latest in a series of executives to leave the firm in recent months.