Microsoft profit, revenue outpace estimates on Xbox and cloud strength

Microsoft investors have a reason to smile this afternoon, even though there’s no word yet on a replacement for current CEO Steve Ballmer.

In its latest earnings report, Microsoft reported a record second quarter profit of $6.56 billion (78 cents per share), up 2.8 percent from the same period last year. That far surpassed Wall Street expectations of 68 cents per share, according to Thomson Reuters data. Total revenues rose 14 percent to $24.5 billion, which also topped analyst expectations.

Even though revenue growth far outpaced earnings growth, those are positive numbers for Microsoft, which has spent the past five months searching for a new CEO. Microsoft is making major transitions as it implements a company-wide reorganization and works to complete its acquisition of Nokia.

Take a look at this article from Venture Beat to learn more about Mircosoft’s revenue paths in 2014.

Microsoft investors have a reason to smile this afternoon, even though there’s no word yet on a replacement for current CEO Steve Ballmer.

    



Source: http://venturebeat.com/2014/01/23/microsoft-profit-revenue-outpace-estimates-on-xbox-and-cloud-strength/

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