Next quarter earnings results could look very different for Microsoft following the recent acquisition of Skype. But for now, the Redmond, Wash.-based corporation turned out decent results.
Microsoft reported a net income of $5.74 billion, or 68 cents a share (statement) for the first fiscal quarter. Non-GAAP earnings were 68 cents a share on a revenue of $17.37 billion, up 7 percent from the same period of the prior year.
Wall Street was expecting of 68 cents a share on revenue of $17.23 billion.
See also: BNET: Microsoft Earnings Meet Expectations, But Glory Days Are Gone
In prepared remarks, Microsoft's chief operating officer Kevin Turner attributed this quarter's success to a spread of various products:
We had another strong quarter for Office, SharePoint, Exchange, and Lync, and saw growing demand for our public and private cloud services including Office 365, Dynamics CRM Online, and Windows Azure. With a great set of consumer products like Windows 7 PCs, Windows Phone 7.5, Xbox and Kinect, we are excited about the holiday buying season.
For the outlook, Microsoft is predicting a revenue of $28.6 billion to $29.2 billion at the end of second fiscal quarter, which is when Microsoft plans to start including the results stemming from the Skype purchase.
Wall Street is expecting 83 cents a share on revenue of $21.17 billion.
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