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Microsoft Beats Street in Q2 With Record $24.52B in Revenue

by Todd Haselton | January 23, 2014January 23, 2014 9:00 pm PST

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Microsoft reported its fiscal second quarter earnings on Thursday, noting a record $24.52 billion in revenue for the quarter, beating Wall Street estimates of $23.68 billion. It also noted an earnings per share of 78 cents, above Wall Street estimates of a 68 cents EPS.

Microsoft said its devices and consumer business, which will soon be home to Nokia’s own business, reported a revenue of $11.91 billion, up 13 percent over the previous quarter. The company said Windows OEM revenue fell 3 percent but that Windows OEM Pro revenue jumped 12 percent during the quarter. Revenues from the company’s Surface products also doubled up to $893 million in the second quarter, up from $400 million in Q1. 7.4 million Xbox units were sold, too, including 3.5 million Xbox 360 units and 3.9 million Xbox One units. Microsoft also said its commercial revenue increased 10 percent to $12.67 billion during the quarter.

In all, it looks like Q2 was solid for Microsoft. We’ll need to see how its devices and services division changes as it brings Nokia into the fold soon. Shares of Microsoft were up a hair, 0.42 percent, to $36.08 in after hours trading.

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Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...