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Microsoft (Nasdaq: MSFT) saw its net profit grow 31% year-on-year to US$5.23bn during the third quarter of its fiscal 2011, ended March 31, according to financial results released by the company.
For the quarter, Microsoft's revenue grew 13% to US$16.4bn, from US$14.5bn a year ago.
Microsoft's Business Division revenue grew 21% year-over-year to US$5.25bn during the quarter, while its Windows and Windows Live Division was down to US$4.44bn, from US$4.65bn in 3Q10.
The company's Online Services Division revenue grew 14% to US$648mn, from US$566mn in the year-ago period, mainly driven by an increase in search revenue. According to Microsoft, Bing's US search share increased to 13.9% during the quarter.
The Microsoft Server and Tools division grew 11% year-over-year to US$4.1bn, seeing its fourth consecutive quarter of double-digit growth. In its Entertainment and Devices Division, Microsoft reported revenue growth of 60% year-on-year to US$1.93bn.
The company confirmed its operating expense guidance of US$26.9bn-27.3bn for the full year ending June 30.
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