Originally published at www.seclive.com
Filing in Focus: Microsoft 10-Q, April 24, 2014
Microsoft Corporation (NASDAQ:MSFT) announced its financial results for the third quarter of the fiscal year 2014, posting results that beat analyst expectations. Revenue fell slightly from $20.49B a year ago to $20.40B, above analyst expectations of $20.39B. The company's earnings were down from $6.06B and $0.72 per share last year to $5.66B and $0.68 per share, though well above analyst predictions of $0.63 per share. Microsoft is set to complete its acquisition of Nokia's handset business today in a deal valued at $7.5B, shifting the direction and focus of company from strictly a personal computing company. CEO Satya Nadella, who took over the company in February, has had the responsibility of the Nokia deal and made several decisions that could impact the company long-term. One such decision was releasing an Apple-compatible version of Office, which some view as a practical step taken to further the success of the Office brand.
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