You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Corporate software lifts Microsoft profit

SEATTLE — Microsoft’s mighty corporate software business helped increase the company’s profit 17 percent, even as the company continued to struggle in mobile and other consumer markets.

The company, based in Redmond, Wash., reported net income of $5.24 billion, or 62 cents a share, for the quarter ended Sept. 30, up from $4.47 billion, or 53 cents a share, during the same period a year earlier.

Continue reading below

Its revenue surged 16 percent to $18.53 billion, from $16.01 billion a year earlier.

The results were better than Wall Street had been expecting. Analysts were expecting Microsoft to report earnings of 54 cents a share and revenue of $17.79 billion, according to an average of estimates by Thomson Reuters.

Microsoft shares fell 4 cents to $33.72 in regular trading, but jumped 6 percent in after-hours trading following the release of its results.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of