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Microsoft tops expectations with record revenue

Published on Jan 24, 2014 5:50 AM
 

SAN FRANCISCO (AFP) - Microsoft on Thursday beat Wall Street expectations as Xbox consoles, Surface tablets and services in the Internet "cloud" helped power record quarterly revenue.

The US-based technology titan reported net income of US$6.56 billion (S$8.37 billion) on revenue that hit a record high of US$24.52 billion in the quarter that ended December 31.

"Our Commercial segment continues to outpace the overall market, and our Devices and Consumer segment had a great holiday quarter," said outgoing chief executive Steve Ballmer.

Microsoft shares climbed more than four percent to US$37.62 in after-market trades on the Nasdaq following release of the earnings figures.