This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Microsoft Surges on Earnings Beat

Stocks in this article: MSFT

NEW YORK (TheStreet) -- Microsoft (MSFT - Get Report) shares surged 4.8% to $35.39 in after-hours trading after the tech giant beat on both first-quarter earnings and revenue, as its devices and consumer, and commercial segments yielded upbeat results.

Microsoft said its first-quarter fiscal 2014 net income rose to $5.244 billion, or 62 cents a share, from $4.466 billion, or 53 cents a share the prior year as revenue rose 16% to $18.53 billion for the period ended September 30. Wall Street was looking for earnings of 54 cents a share on revenue of $17.79 billion, according to a survey of analysts by Thomson Reuters.

During the quarter, Devices and Consumer revenue grew 4% to $7.46 billion and Commercial revenue grew 10% to $11.20 billion.

Within the Devices and Consumer segment, Windows OEM revenue declined 7%; Windows Pro revenue grew for the second consecutive quarter; Surface revenue grew to $400 million with sequential growth in revenue and units sold over the prior quarter; and search advertising revenue increased 47%, driven by a rise in revenue per search and volume.

In the Consumer unit, SQL server revenue were up by the double-digits, with SQL Server Premium revenue growing more than 30%; Lync, SharePoint, and Exchange collectively increased by the double-digits; and commercial cloud revenue soared by 103%.

-- Written by Andrea Tse in New York

>To contact the writer of this article, click here: Andrea Tse.>  

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,304.37 -112.48 -0.65%
S&P 500 2,004.80 -16.45 -0.81%
NASDAQ 4,655.3950 -28.0120 -0.60%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs