Technology giant Microsoft (News - Alert) has just revealed it will be releasing an upgrade program for its next Office suite in five weeks time. In addition, the company will offer free or discounted added functionality to Office 2013 that comes complete with email hosting as well as Office 365 to clients who have already purchased Office 2010.
According to just published findings, Microsoft’s last session volume of 51.38 million shares was higher than its average volume of 32.29 million shares. And after its opening of $31.01, its stock price hit a high price of $31.25 and then closed at $31.21, increasing by 0.87 percent.
The company accounted for revenue that was nearly $73.72 billion in the previous twelve months and earned $16.98 billion overall. It also saw a positive upswing of 23 percent in its net profit margin as well as in its operating margin.
The operating margin of the email hosting provider was at 29.52 percent and its annual sales growth for the past five years was 7.60 percent. The company’s return on equity was recorded as 27.51 percent, an increase of 20.15 percent.
In other Microsoft news, the firm has revealed that it will no longer be making its five Forefront products: Protection for Exchange Server (FPE) and SharePoint (FPSP), Security for Office Communications Server (FSOCS), Threat Management Gateway (News - Alert) (TMG) and Threat Management Gateway Web Protection Services (TMG WPS).
Although these solutions cannot be bought after December 1, 2012, Microsoft will continue to support its customers through 2015 and in some cases even 2020, depending on their subscriptions.
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Edited by Jamie Epstein