Microsoft and Google report profits rise

<p>Profits are up for both Microsoft and Google.</p>

Rising profits have been reported by both Google and Microsoft, two of the biggest technology companies in the world.

Google's net profit climbed to $3.35 billion (£2.19 billion) over the course of the first three months of the year and Microsoft made $6 billion in profit in the same period. The data revealed by the latter firm shows a jump of more than 17 per cent from a year ago.

Kim Caughey Forrest, a senior analyst at Fort Pitt Capital, explained the financial results revealed by Microsoft show it has made a successful transition into being an enterprise software company during the last few years.

"The strength of server and tools and the actual way they sell licenses to business, is making up for the missing PC sales," the specialist commented.

Google's stocks will open on the Nasdaq later today (April 19th) trading at 765.91, while Microsoft will be selling for 28.79 when the markets open.

Find up to date information on the FTSE 100 and spread betting strategies at City Index

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.