Microsoft Corporation today announced its earnings report for the first quarter of 2015. The reports, which sent Microsoft stocks up by 3%, have finally brought some relief to the software giant,which lost some sheen, due to a failed Windows 8 release.
Revenue totaled $23.20 billion in the period, leading to profits of $0.54 per share. The revenue figure represents a 25 percent Y-o-Y increase, most of which, is due to the Nokia hardware acquisition.
Analysts were expecting a revenue of $22.02 Billion, and earnings per share between $0.49 – $0.50. Before Microsoft’s earnings report announcement, Microsoft’s stocks went up by 1%. After Microsoft’s better than expected revenue of $23.20 Billion and EPS of $0.54, the stocks went zooming up, by 3%.
The company’s net income was $4.54 billion (after deducting taxes), and it ended this quarter with $89.2 Billion in cash and equivalents.