Microsoft reports Commercial segment growth in third quarter results
Microsoft announced revenue of $20.4 billion, net income of $5.66 billion, and $0.68 per share for the third quarter of its 2014 fiscal year. Revenue was virtually unchanged from the same quarter last year, while earnings per share fell 6% from $6.05 billion.
The latest quarter's profit beat Wall Street's average estimate of 63 cents per share. Deferred revenue related to Windows upgrade and Office Deferral programs reduced the company's results, the company reported.