Microsoft reported its fiscal first quarter 2014 earnings on Thursday, noting an earnings per share of 62 cents on $18.53 billion in revenue, beating Wall Street expectations for 54 cents earnings per share on $17.79 billion in revenue.
“Our devices and services transformation is progressing and we are launching a wide range of compelling products and experiences this fall for both business and consumers,” Microsoft’s outgoing CEO Steve Ballmer explained. “Our new commercial services will help us continue to outgrow the enterprise market, and we are seeing lots of consumer excitement for Xbox One, Surface 2 and Surface Pro 2, and the full spectrum of Windows 8.1 and Windows Phone devices.”
Microsoft’s devices and consumer division reported $7.46 billion in revenue, up 4 percent over the same quarter last year. Surface revenue actually climbed $400 million, and the company noted “sequential growth in revenue and units” over the fiscal fourth quarter of 2013. Revenue from Microsoft’s commercial business also climbed 10 percent to $11.20 billion.
Shares of Microsoft were trading up 7.09 percent at $36.11 after hours.