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Microsoft profit, revenue beats Wall Street view; shares up

April 24, 2015 admin after-closing, amazon, computer-screen, currency-rates, man-typing, microsoft, nasdaq-chief, obama, services-helped, street

Microsoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing services helped to offset a decline in the company's core Windows business. “The Street will cheer these results as it appears Microsoft is back on the right track after a head-scratching performance last quarter.” Sales of Windows to computer manufacturers to install on new PCs fell 19 percent in the quarter, reflecting a sharp dip from a year ago when Windows got a brief boost from consumers rushing to buy new machines after Microsoft stopped support for the 14-year-old XP operating system. Microsoft's overall revenue rose 6 percent to $21.7 billion, above Wall Street's average forecast of $21.1 billion, according to Thomson Reuters I/B/E/S.

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Google shares rise after online ad sales drive revenue higher

April 24, 2015 admin after-closing, computer-screen, currency-rates, file, financial, forecasts, from-the-strong, internet, man-typing, quarterly, services-helped, street, toronto

Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company's shares higher in after-hours trading. While revenue and profit missed the forecasts of Wall Street analysts, many investors had been bracing for a weaker report, said BGC Financial analyst Colin Gillis. The company has faced challenges in mobile advertising and is running up more expenses as it invests in new businesses.