Tech

Microsoft Smashes Earnings, Stock Takes Off

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Steve Ballmer
Microsoft CEO Steve Ballmer  Business Insider/Julie Bort

Microsoft earnings are out!

It's a beat on the top and bottom line: 

  • Revenue is $24.52 billion versus analyst estimates of $23.68 billion.
  • EPS is $0.78 versus analyst estimates of $0.68.

The stock is up ~3% in after-hours trading...

Some highlights from the release:

  • Surface revenue is $893 million, up from $400 million the quarter before.
  • Windows OEM revenue was down 3%.
  • It says Bing search share is 18.2%.
  • Office 365 seats "grew triple digits".

Here's a breakdown of the company's earnings:

Microsoft table
Microsoft

And for clarity's sake... here's how Microsoft breaks down its sales:

MSFT table
Microsoft

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Jay was the executive editor of Business Insider. He oversaw day-to-day coverage on the site. He started as an intern at Business Insider in 2007. Before becoming executive editor he was running SAI, the technology section of the site.He has a degree from the University of Delaware in economics and a master's in journalism from NYU.