Microsoft Profit Beats Analysts’ Estimates on Cost Controls
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Microsoft Corp.’s third-quarter profit exceeded analysts’ estimates, buoyed by cost controls and sales of business and server software amid weak demand for personal computers running the new Windows 8 operating system.
Net income in the period that ended March 31 rose 19 percent to $6.06 billion, or 72 cents a share, Microsoft said yesterday in a statement. That beat the 68-cent average projection of analysts, according to data compiled by Bloomberg. Revenue rose 18 percent to $20.5 billion, matching estimates.