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October 24, 2013 AT 7:32 PM
Microsoft 's Q1 earnings weren't expected to be positive, but the news for Microsoft shareholders was better than most expected. The company reported a first-quarter profit of $5.24 billion, which amounts to 62 cents per share, with revenue of $18.53 billion. By contrast, in Q1 last year Microsoft reported a $4.7 billion profit and revenue of $16 million, which was 53 cents her share. Analysts had predicted the Q1 earnings to be 54 cents per share and a revenue of about 11%, or $17.8 billion.