Microsoft’s revenue soars in New Zealand

Microsoft New Zealand’s revenue has surged to $1.2 billion for the year to June 30 – a more than $121 million increase on the previous year, BusinessDesk reports.

Recently filed financial statements show Microsoft’s NZ business made an after-tax profit of $40m, largely unchanged on the previous year.

Finance income increased to nearly $5.1m, compared to just $710,000 the previous year, while administrative expenses climbed by more than $12m on the previous year to nearly $37.5m.

Read the story at BusinessDesk.