Microsoft Earnings Beat Analyst Estimates, Stock Rises 4.4%

The software giant brought in nearly $25 billion in the last quarter

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Microsoft beat analyst estimates in its second quarter, leading its stock to rise 4.4% in after-hours trading Thursday. Fiscal second-quarter profit rose 3 percent, due mostly to the popularity of Microsoft Office software for businesses.

The company posted second-quarter earnings of 78 cents per share, and revenue was $24.52 billion. Analysts had expected a profit of 68 cents a share on $23.68 billion in revenue.

Although it was another weak quarter for Windows, Microsoft said it sold over 7 million Xbox consoles and doubled sales of the Surface tablet, CNBC reports.

Despite the good news, Microsoft still does not have a leader after the five-month search for a replacement for the retiring Steve Ballmer, which has many investors concerned.