Microsoft Corp. (NASDAQ: MSFT) has reported its quarterly corporate earnings report and this comes on the heels of a surprisingly strong stock performance in 2013. What is interesting is how many people still say its future is dead, yet here it is. Earnings came in at $0.62 EPS and $18.53 billion in revenue.

Microsoft’s consensus estimates were $0.54 EPS and $17.78 billion in revenue. We would also point that the numbers reflect the deferral of $113 million of revenue primarily related to Windows 8.1 pre-sales.

The weakness in PC sales has been known for some time, as has the weakness in its tablet sales. The upcoming Xbox One launch will be one to watch. Steve Ballmer said that new commercial services will help Microsoft continue to outgrow the enterprise market. The company also said that enterprise renewals were very healthy and the devices and consumer business continued to improve… Devices and Consumer revenue grew 4% to $7.46 billion, while Commercial segment revenue grew 10% to $11.20 billion.

In an unusual move, Microsoft said guidance would be in its conference call. until then, consider this unfinished business. Microsoft’s stock closed down 4-cents at $33.72 but the initial reaction has shares up 6% at $35.88 against a 52-week range of $26.26 to $36.43.

Again, until guidance is out this needs to be considered unfinished business or at least a work in progress.

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