Microsoft tops earnings forecast

Buoyed by sales of the Xbox 360 and server software, Microsoft reported first-quarter earnings on Thursday that edged ahead of the company's forecast.

The software giant said it earned $3.48 billion, or 35 cents a share, on revenue of $10.81 billion, for the three months ended Sept. 30. That compares with earnings of $3.14 billion, or 29 cents a share, on revenue of $9.74 billion for the same quarter a year ago. The year-ago earnings figure included legal expenses that amounted to 2 cents a share.
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