Microsoft Corp. (MSFT) reported quarterly revenue and earnings Thursday after the close that easily topped Wall Street forecasts, marking a healthy start to a company wide overhaul it announced in July that should help the software giant transform into a devices and services company.
Microsoft’s net income in three months through Sept. 30 grew 17 percent to $5.24 billion, or 62 cents per share, from $4.47 billion, or 53 cents per share, a year ago. That beat analyst expectations of 54 cents.
Revenue rose 16 percent to $18.53 billion, also beating the $17.79 billion analysts were expecting.
Microsoft Corp. (MSFT) is up +34.41% year-to-date.