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microsoftMicrosoft beat Wall Street expectations with its fiscal third quarter financials, posting revenue of $20.4 billion on an EPS of $0.68.

The company reported $5.66 billion in profit, which is down 7 percent from this time last year.

Analysts predicted revenue of $20.38 billion, an EPS of $0.63 and profit of $5.26 billion.  

Revenue in Microsoft’s Azure cloud computing platform was up 150 percent. The company also added 1 million Office 365 Home subscriptions in the quarter, boosting that to 4.4 million subscriptions. Most of that growth came prior to the release of Office for iPad at the end of March.

Revenue in the company’s Devices & Consumer Licensing division, which includes Windows for consumer PCs, was up slightly, to $4.38 billion. Commercial licensing, driven by sales of products including Windows for business PCs, reached $10.3 billion, up from $9.97 billion.

Microsoft also sold 1.2 million Xbox One consoles and 800,000 Xbox 360s last quarter.

Microsoft CEO Satya Nadella will speak on the earnings call at 2:30 p.m., so check back with GeekWire for more.


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