Microsoft reports better-than-expected Q2 2014 earnings
Microsoft Corporation (NASDAQ:MSFT) has reported a positive second quarter fiscal 2014 earnings report. The company reported revenues and profit above Wall Street expectations. Microsoft reported $24.52 billion in revenue for the quarter ending December 31, 2013. Wall Street was expecting $23.5 billion in Q2 revenue. Operating income was reported at $7.97 billion and net income was $6.56 billion.
“Our commercial segment continues to outpace the overall market, and our devices and consumer segment had a great holiday quarter,” stated Microsoft CEO Steve Ballmer. “The investments we are making in devices and services that deliver high-value experiences to our customers, and the work we are doing with our partners, are driving strong results and positioning us well for long-term growth.”
The consumer and devices division grew 13% to $11.91 billion, which was largely driven by the Microsoft Surface. The Surface revenue more than doubled. Bing’s search advertising revenue increased 34%. Revenue from the Windows operating system declined 3%, mainly due to the decline in PC demand.