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Microsoft earnings beat expectations, profits up 17% Microsoft earnings beat expectations, profits up 17%
(35 minutes later)
Microsoft reported better than expected earnings of $5.2bn (£3.2bn) as speculation swirled around who will replace boss Steve Ballmer. Microsoft reported better than expected earnings of $5.2bn (£3.2bn).
Profits were up 17% from the same period last year. Speculation has been intensifying over who will replace current boss Steve Ballmer.
"Our devices and services transformation is progressing," said Mr Ballmer in a statement. Profits at the technology giant were up 17% from the same period last year.
"Our devices and services transformation is progressing," said Mr Ballmer in a statement. He added that Microsoft is launching a "wide range" of new products in the coming quarter.
The company has released several new products this quarter, including an update to Windows 8, and recently bought struggling phone-maker Nokia.The company has released several new products this quarter, including an update to Windows 8, and recently bought struggling phone-maker Nokia.