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'Cloud', Xbox help Microsoft beat Q1 earnings expectations

Published Fri, Oct 24, 2014 · 09:50 PM

San Francisco

MICROSOFT on Thursday reported quarterly profits ahead of most expectations, as revenues got a boost from its Xbox consoles and Internet "cloud" services for enterprises.

Net profit in the fiscal first quarter dipped to US$4.5 billion from US$5.2 billion in the same period a year ago, but topped most analyst forecasts. Revenue rose above US$23 billion, its best ever for the fiscal first quarter.

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