Microsoft Beats Earnings Estimates for Fiscal Q3; Surface Sales Hit $500 Milllion

Microsoft posted solid fiscal third-quarter 2014 earnings on Thursday with revenues of $20.04 billion, which was in line with analysts' estimates and GAAP of $0.68, which beat estimates by a nickel.

“This quarter’s results demonstrate the strength of our business, as well as the opportunities we see in a mobile-first, cloud-first world. We are making good progress in our consumer services like Bing and Office 365 Home, and our commercial customers continue to embrace our cloud solutions. Both position us well for long-term growth,” said Satya Nadella, CEO of Microsoft, in a press release. “We are focused on executing rapidly and delivering bold, innovative products that people love to use.” Read more...