first-quarter earnings beat estimates, coming in well above expectations.
The Internet giant reported on Thursday earnings of $11.58 a share on revenue of $13.97 billion. Analysts were expecting profit of $10.66 a share on $14.09 billion in revenue.
(MSFT - Get Report), the software giant, booked a
double-digit jump in fiscal third-quarter earnings following a surge in sales at its Windows division.
The company also said Chief Financial Officer Peter Klein will be leaving Microsoft at the end of the current fiscal year, after nearly four years in the role and 11 years at the company. Microsoft will be naming a new CFO from its finance leadership team in the next several weeks.
-- Written by Joseph Woelfel
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