Microsoft New Zealand lifted annual profit 15 per cent as the local arm of the world's biggest software developer boosted sales of its consulting services, while its smaller rival Oracle New Zealand sank into the red after booking an impairment charge.
Auckland-based Microsoft NZ reported a profit of $14 million in the 12 months ended June 30 compared to $12.2m a year earlier, financial statements lodged with the Companies Office show.
The software developer lifted revenue 7.6 per cent to $115.2m as consulting sales jumped 42 per cent to $36.1m, offsetting a 3.6 per cent decline in related party commission revenue to $74.4m. That also outpaced a 27 per cent increase in consulting expenses to $5.6m.
Despite the increase in external revenue and profitability, Microsoft didn't declare a dividend to its parent group, the first time since the 2008 financial year.
A spokesman for Microsoft said the company declined to comment, however, group accounts show the Seattle, Washington-based company's consulting and product support service revenue slipped 0.9 per cent to US$5.56 billion. Those services fall under the enterprise umbrella, which helps customers develop and deploy Microsoft IT systems.
