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.