Microsoft profit, revenue beat Wall Street view; shares up

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 Tags: Microsoft Profit Revenue  Microsoft Revenue  Microsoft News  Microsoft Updates 


Microsoft Corp (MSFT.O) on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing services helped to offset a decline in the company's core Windows business.

Shares rose 3.1 percent to $44.70 in after-hours trading.

"The company beat across the board," said FBR Capital markets analyst Daniel Ives. "The Street will cheer these results as it appears Microsoft is back on the right track after a head-scratching performance last quarter."

Read Full Story @ http://in.reuters.com

 


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