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Microsoft Corporation (NASDAQ: MSFT) has released its second quarter fiscal earnings for 2013 and shares are getting clipped for the software giant. Earnings came to $0.76 EPS but were $0.81 EPS on an adjusted basis and revenues were $21.46 billion. Thomson Reuters had estimates of $0.75 EPS and $21.53 billion in sales. Cash and cash equivalents came to $68.3 billion at the end of the quarter. This translates on a non-GAAP basis to a 5% sales gain, met by a 4% operating income gain.

Microsoft did not offer guidance for the year other than that its operating expenses would be $30.3 to $30.9 billion for fiscal 2013. Until guidance is offered in the call we would consider this unfinished business. Here are some of the by-unit revenue figures:

• Windows Division posted revenue of $5.88 billion, a 24% increase. The company said that non-GAAP revenue increased 11% for the second quarter and Microsoft said it has sold over 60 million Windows 8 licenses to date.
• Server & Tools business reported $5.19 billion in sales, up 9% from the prior year period and it was driven by double-digit percentage revenue growth in SQL Server and System Center.
• Microsoft Business Division posted $5.69 billion of revenue, a 10% decrease from the prior year period. Adjusting for the impact of the Office Upgrade Offer and Pre-sales, Microsoft Business Division non-GAAP revenue increased 3% for the second quarter.
• Online Services Division reported revenue of $869 million, an 11% increase from the prior year period. Online advertising revenue grew 15% driven by an increase in revenue per search.
• Entertainment and Devices Division posted revenue of $3.77 billion, a decrease of 11% from the prior year period. Adjusting for the Video Game Deferral, the division’s non-GAAP revenue decreased 2% for the second quarter.

Shares closed up two-cents at $27.63 on the day 2% and its shares traded down just over 2% at $27.09 in the after-hours reaction. Again, this should be considered unfinished business until guidance is seen.