Microsoft sales beat Street hopes, cloud profits up


Credit: Reuters/Robert Galbraith


Microsoft CEO Satya Nadella speaks during a Microsoft cloud briefing event in San Francisco, California October 20, 2014.


The world's largest software company reported profit of $4.5 billion, or 54 cents per share, compared with $5.2 billion, or 62 cents per share, in the year-ago quarter.


Revenue rose 25 percent to $23.2 billion, helped by the phone business it bought from Nokia in April, easily beating analysts' average estimate of $22 billion.


(Reporting by Bill Rigby; Editing by Chris Reese)


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