Microsoft revenues hit a record as Xbox sales soar

The US technology giant Microsoft said its annual revenues hit a record of $69.94bn (£43.4bn).

Sales of the company's Xbox 360 videogame console and its Office software helped fuel the growth.

Net income at the world's biggest software maker jumped 23% to 23.15bn for the year.

The figures, which beat earnings estimates, also showed final quarter revenues reached a record high of $1.37bn, leading to profits of $5.87bn.

Sales rose 8% to $17.37 billion, a boosted chiefly by sales of Office, Xbox and server software behind Microsoft's push into cloud computing.