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Microsoft posted better than expected quarterly earnings on Wednesday, sending its shares zooming higher.
The Seattle-based software group on Wednesday beat analysts’ expectations for revenue and net income in the three months to the end of March.
Group sales rose 13 per cent from the same period in the previous year to $70.1bn. Net income increased 18 per cent to $25.8bn, exceeding the average estimate in an S&P Visible Alpha survey.
Microsoft shares jumped nearly 6 per cent in after-hours trading in New York.
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