The Week: City News - Sales cheer for tech giants

Both Amazon and Microsoft posted better-than-expected results for the three months to September 2009.

The online retailer saw sales rise by 28 per cent for the quarter to £3.2 billion, beating analysts' expectations, while its profit increased by 69 per cent to £121 million. Part of the growth came from sales of the e-reader Kindle, which it says was its top-selling product. Microsoft reported revenues of £7.9 billion compared with analysts' predictions of £7.4 billion.

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