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Microsoft Q1 earnings top estimates, with strong growth in Office 365 subs and Xbox sales

Mark Hachman | April 25, 2014
Microsoft reported first-quarter calendar earnings that beat estimates, although profits and revenue both declined. The company said that its customers have begun embracing its cloud offerings, especially Office 365.

Microsoft has scheduled a conference call with Wall Street analysts at 2:30 PM this afternoon, when new chief executive Satya Nadella is expected to speak. Historically, former chief executive Steve Ballmer passed along those responsibilities to other executives. However, Nadella has been the face of the company since his appointment as Microsoft's new chief executive, appearing at events ranging from the launch of Office for iPad to the launch of the latest version of SQL Server.

On Friday, Microsoft said that it would complete the acquisition of Nokia, adding approximately 32,000 employees to its ranks. Critics took a negative view of the deal, although Nokia could interject some needed verve into the Microsoft fold. And that's before Microsoft released Windows Phone 8.1, a substantial, significant update for the operating system.

 

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