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Microsoft profits trounce expectations

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Microsoft Corp. posted its earnings report on Wednesday, handily beating analysts' expectations.

The company's fiscal first quarter profits were $10.7 billion, or $1.38 per share. That's up from $1.14 per share a year earlier and ahead of the $1.25 analysts predicted.

Revenue was $33.1 billion, beating $29.1 billion a year ago. Analysts expected fiscal first quarter revenue would reach $32.2 billion.

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