Microsoft Corp. reported a 5 percent rise in quarterly profit. The company said net income totaled $3.65 billion, or 34 cents per share, in its fiscal second quarter ended Dec. 31, compared to $3.46 billion, or 32 cents per share, a year earlier. 

Analysts have been concerned that expectations were too high after Intel missed the earnings target last week, so Microsoft's report was reassuring.

"It was more a sense of relief than anything else," an analyst said. "Deferred revenue was a little light but guidance for the next quarter was a little better than I expected."

By: DocMemory
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