Excellent Earnings from Microsoft

Microsoft ($MSFT) reported a 17% earnings increase last quarter. For July, August and September, Microsoft earned 62 cents per share which easily beat the consensus estimate of 54 cents per share.

The world’s largest software maker is undergoing unprecedented changes, conducting its first-ever CEO search and starting a major organizational overhaul aimed at bolstering sales by focusing on devices and services. Demand for Microsoft’s Office productivity software has helped compensate for declining consumer purchases of PCs running Windows, and the company has been cutting costs to shore up profit.

“Business has been driving the train,” said Colin Gillis, an analyst at BGC Partners LP in New York, who recommends holding the shares. “Most people are really looking through the quarter to the new CEO.”

MSFT is also up about 5% after hours.

Posted by on October 24th, 2013 at 4:39 pm


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