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Microsoft 1st-quarter profit, revenue beats Street; Surface revenue hits $400 million

Microsoft says its net income rose 17 percent in its fiscal first quarter despite a decline in Windows revenue from manufacturing partners as its enterprise software business grew.

Net income in the three months to Sept. 30 grew to $5.24 billion, or 62 cents per share, from $4.47 billion, or 53 cents per share, a year ago.

That beat the 54 cents expected by analysts polled by FactSet.

Revenue rose 16 percent to $18.53 billion, also beating the $17.79 billion analysts were expecting.

Microsoft shares jumped 6.4 percent to $35.88 in after-hours trading after the earnings were released.

Revenue from its Surface tablets hit $400 million, representing a gain in unit sales from the quarter that ended in June. It's the first time Microsoft has broken out Surface results.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.98% up 3.93%  
15 Y Fixed Graph 3.04% -- 3.04%  
30 Y Fixed Jumbo Graph 4.22% dw 4.51%  
5/1 ARM Graph 3.30% dw 3.69%  
5/1 Jumbo ARM Graph 3.13% dw 3.36%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.32% up 4.31%  
$50K HELOC Graph 4.06% -- 4.06%  
$30K Loan Graph 5.05% dw 5.08%  
$50K Loan Graph 4.48% dw 4.50%  
$75K Loan Graph 4.50% dw 4.52%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.94% -- 2.94%  
36 M Used Graph 3.48% up 3.46%  
48 M New Graph 3.22% -- 3.22%  
48 M Used Graph 3.04% -- 3.04%  
60 M New Graph 3.24% -- 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% up 0.38%  
1 yr Graph 0.71% up 0.71%  
5 yr Graph 1.50% -- 1.50%  

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