Microsoft posts record revenue on strong Xbox One, Surface sales

Microsoft Corp. reported revenue and earnings for its fiscal second quarter that topped Wall Street expectations, as the company sold 3.9 million Xbox One consoles and doubled revenue from its line of Surface tablets from a quarter earlier.

Net income in the quarter through December climbed to $6.56 billion, or 78 cents per share, from $6.38 billion, or 76 cents per share, a year ago.

Revenue rose 14 percent to $24.52 billion.

Analysts polled by FactSet expected earnings of 68 cents per share on revenue of $23.67 billion.

Outgoing CEO Steve Ballmer said the company had a “great holiday quarter.”

Shares rose $1.66, or 4.6 percent, to $37.74 in after-hours trading Thursday following the release of the results. Earlier, the stock closed the regular session up 15 cents at $36.08.

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Microsoft posts record revenue on strong Xbox One, Surface sales