News Column

BRIEF: News summary: Microsoft 2Q tops Wall Street view

January 24, 2014

The Oklahoman, Oklahoma City

Jan. 24 --MICROSOFT BEATS -- Microsoft's December-quarter revenue rose 14 percent to $24.52 billion . Net income climbed to $6.56 billion , or 78 cents per share, from $6.38 billion , or 76 cents per share. Both figures beat what Wall Street analysts expected. HOT HARDWARE: The company sold 3.9 million Xbox One consoles in the five weeks since its launch in late November. It also more than doubled revenue from Surface tablets to $893 million compared with the September quarter. Both units don't turn a profit, though. NOKIA DEAL : Microsoft is on track to buy Nokia's phone business and patent rights in the current quarter for $7.4 billion . Nokia's smartphone sales plummeted 29 percent in the December quarter despite releasing new Lumia models. ___ (c)2014 The Oklahoman Visit The Oklahoman at Distributed by MCT Information Services

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Source: Daily Oklahoman (Oklahoma City)

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