Technology giant Microsoft (MSFT) reported better-than-expected
fiscal first-quarter 2014 earnings on Oct. 24, after the close. Earnings per
share (EPS) came in at $0.62 versus the Street's estimate of $0.54 and up from
$0.53 in the same quarter last year.
This growth in earnings came despite a 7% year-over-year decline
in revenue from its Windows operating system. Overall, the company's revenue
was up 16% from last year to $18.53 billion, beating the $17.78 billion
estimated by analysts.
Furthermore, the tech firm said its devices and services
business is progressing, which has been a focus for many analysts since the
firm's failed attempts over the years to gain traction in the mobile computing
world and its recent $7.2 billion acquisition of Nokia's handset business. Read more
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