Originally published at www.seclive.com
Filing in Focus: Microsoft 10-Q, October 24, 2013
Microsoft Corporation (NASDAQ:MSFT) earnings rose 17%, as reported in the company's most recent quarterly financial results. The company's commercial revenue increased 10% to $11.20B, thanks largely to revenues from SQL Server, SharePoint, and commercial cloud. Devices and consumer revenue increased 4% to $7.46B for an overall company revenue increase of 16% to $18.53B. Earnings similarly jumped 17% from $4.47B and $0.53 per share to $5.24B and $0.62 per share this quarter. CEO Steve Ballmer, who is set to step down within a year, remarked that the company is seeing increased excitement for its products, ranging from its Surface tablets, to Xbox One, and the Windows operating system and phones. In the end, analysts see these results as further proof that the company is the corporate standard for IT solutions but that it struggles to grow its consumer base.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.