Microsoft beats Q2 estimates on rising profits
Microsoft reported on Thursday that 2014 fiscal second quarter profits rose 3 percent based on revenue growth in both the Devices and Consumer, as well as Commercial lines.
The company reported a profit of $6.56 billion, or 78 cents per share, compared with $6.38 billion, or 76 cents per share, in the year-ago quarter. Revenue was $24.52 billion for the quarter, up 14% year over year in GAAP terms.
Earnings per share beat Wall Street's average estimate of 68 cents, according to Thomson Reuters.
From Microsoft's earnings call slides