Microsoft Corporation Reports 2% Rise In Q1 Profit

(RTTNews) - Microsoft Corporation (MSFT) reported earnings for its first quarter that rose compared to the same period last year.

The company said its bottom line advanced to $4.62 billion, or $0.57 per share. This was higher than $4.54 billion, or $0.54 per share, in last year's first quarter.

Analysts had expected the company to earn $0.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.2% to $20.38 billion. This was down from $23.20 billion last year.

Microsoft Corporation earnings at a glance:

-Earnings (Q1): $4.62 Bln. vs. $4.54 Bln. last year. -Earnings Growth (Y-o-Y): 1.8% -EPS (Q1): $0.57 vs. $0.54 last year. -EPS Growth (Y-o-Y): 5.6% -Analysts Estimate: $0.59 -Revenue (Q1): $20.38 Bln vs. $23.20 Bln last year. -Revenue Change (Y-o-Y): -12.2%