Microsoft earnings are out!
It looks pretty good. The company beat on the top and bottom line:
- EPS: $0.54, which is down 13% on a year-over-year basis, versus expectations of $0.49
- Revenue: $23.2 billion, which is up 25% on a year-over-year basis, versus expectations of $22.02 billion.
In immediate reaction to the news, the stock is up 3% after hours. We expect that will change as investors digest the news.
Here are Microsoft's bullet points from the report. We'll be talking with Microsoft shortly to get more information on these points.
The thing that jumps out is Surface revenue which is now at $908 million. That's still a relatively small number, but it's growing nicely for Microsoft.
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