Microsoft's Earnings Don't Disappoint

The software behemoth's fiscal first-quarter numbers provided investors with some reassurance that the floor isn't falling out from under global IT spending

As they waited for Microsoft's Oct. 23 quarterly earnings call to begin, analysts and others were treated to a rousing rendition of the theme from The Lone Ranger. Nostalgia for the heroic masked avenger might seem ill-suited to these dour economic times. And yet while the software giant didn't exactly come to the rescue of worried investors, its results left many feeling reassured.

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