Microsoft earned 72 cents a share on revenue of $20.5 billion in the quarter, up from earnings of $5.1 billion, or 61 cents a share on sales of $17.4 billion the same time last year. Analysts, on average, were expecting earnings of 68 cents a share, according to Thomson Reuters. Revenue came roughly in line with expectations.
The Redmond, WA.-based Microsoft offered a preliminary fiscal year 2014 operating expense guidance of $31.6 billion to $32.2 billion, up 4% to 6% year-over-year from the midpoint of its fiscal 2013 adjusted guidance.
CFO 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 name a new CFO from its finance leadership team within the next several weeks.
Closing prices: IBM closed down 8.3% to $190 Friday. GOOG rose 4.4% to $799.87, MSFT rose 3.4% to $29.76 but DELL fell 3.9% to $13.40. --Written by Chris Ciaccia in New York >Contact by Email. Follow @Chris_Ciaccia
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV