Apple’s cash on hand continues to rise with the company reporting that it had over US$110 billion in the bank during its second fiscal quarter. Company CFO Peter Oppenheimer announced the figure during Apple’s second quarter earnings conference call Tuesday afternoon.
Apple will use some of that money to pay out quarterly dividends — a benefit the company recently announced for shareholders.
Quarterly revenue came in at $39.2 billion with $11.6 billion in profit. In comparison, the company reported $46.33 billion in revenue during the December quarter, which also included holiday sales.
Investors seem pleased with Apple’s quarterly numbers. The company’s stock is already up over $38 in after hours trading from its $560.28 closing.
Apple is currently trading at $598.50, up 38.22 (6.82%).