Reuters: Global Markets: Microsoft beats profit forecasts, shares jump

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Microsoft beats profit forecasts, shares jump Oct 24th 2013, 22:15 Tweet Share this Email Print Reprints Related Topics Tech » Hot Stocks » Asian Markets » The Microsoft logo is seen at their offices in Bucharest March 20, 2013. Credit: Reuters/Bogdan Cristel SEATTLE | Thu Oct 24, 2013 4:25pm EDT SEATTLE (Reuters) - Microsoft Corp said its fiscal first-quarter profit rose a greater-than-expected 17 percent, as strong sales of its Office and server software to businesses offset weakness in its flagship Windows system. Its shares rose 6 percent in after-hours trading. The world's largest software company, which is shifting its focus to devices and services, on Thursday posted a profit of $5.2 billion, or 62 cents per share, up from $4.5 billion, or 53 cents per share, in the year-ago quarter. That smashed Wall Street's average forecast of 54 cents, according to Thomson Reuters I/B/E/S, although analysts had been edging down estimates for the last three months. Revenue rose 16 percent to $18.5 billion, helped by rising sales of its Office software. Analysts had expected $17.8 billion, on average. (Reporting by Bill Rigby; Editing by Richard Chang) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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