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April 24, 2014 AT 12:53 PM
New Microsoft CEO Satya Nadella has a big turnaround to manage. One one hand, Microsoft’s third quarter earnings beat Wall Street estimates: earnings per share registered at $0.68 vs. $0.63 estimated, and revenue hit $20.4 billion vs. $20.39 billion estimated. But those numbers represent a decline from a year ago. Sales fell 0.4%, while profit declined 6.5%. What growth there was came from cloud services, like Office 365, where revenue grew over 100%, and Azure, which grew more than 150%.