NEW YORK (TheStreet) -- Shares of Microsoft (MSFT - Get Report) are lower by 2.9% to $45.81 in after-hours trading on Monday, despite the company meeting analysts' expectations in its fiscal 2015 second quarter earnings report.

For the quarter, the technology and software giant reported earnings of 71 cents per share, lower than the 78 cents per share it reported a year ago, but in-line with analysts' estimates.

Revenue rose to $26.47 billion for the period from $24.52 billion in the same quarter of last year, edging out the $26.33 billion analysts expected for the 2015 second quarter.

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Redmond, WA-based Microsoft is engaged in developing, licensing and supporting a range of software products and services. The company also designs and sells hardware, as well as delivers online advertising to customers.

Separately, TheStreet Ratings team rates MICROSOFT CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate MICROSOFT CORP (MSFT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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