Microsoft Corporation (NASDAQ:MSFT) released its latest earnings report after closing bell tonight, posting diluted earnings per share of 71 cents per share on $26.5 billion. Analysts had been expecting earnings of 71 cents per share on $26.3 billion in revenue. Operating income was $7.8 billion.

Key metrics from Microsoft’s earnings report

The diluted earnings results include a negative impact of 2 cents per share or $243 million related to the company’s ongoing restructuring efforts. The restructuring is related both to the plan announced this past July and also the integration of Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) ’s Devices and Services business into Microsoft.

The company also revealed a negative impact of 4 cents per share in connection with income tax expenses that were the result of an adjustment from an audit with the IRS.

Microsoft’s earnings results by segment

Microsoft Corporation (NASDAQ:MSFT) reported that revenue from its Devices and Consumer segment increased 8% to $12.9 billion in the quarter. The company added that revenue from its Surface tablet sales rose 24% to $1.1 billion, with the main drivers being the Surface Pro 3 and accessories.

The number of Office 365 Home and Personal subscribers surpassed 9.2 million, a 30% quarter over quarter increase. Search ad revenue improved 23%, while Bing’s share of the U.S. market rose 150 basis points year over year to 19.7%. Microsoft sold 6.6 million Xbox consoles during the quarter and recorded $2.3 billion in Phone Hardware revenue, which includes 10.5 million Lumia handsets.

The Commercial segment saw a 5% increase in revenue, which rose to $13.3 billion. Microsoft reported a 114% increase in Commercial cloud revenue, with the main drivers being Office 365, Azure and Dynamic CRM Online. The company recorded a 1% decline in Office Commercial products and services revenue and a 9% increase in server products and services revenue.

Shares of Microsoft Corporation (NASDAQ:MSFT) ended the trading day down by 0.39% at $46.99 per share and then kept slipping in after-hours trading, dipping as low as $46 per share. Management said they will provide guidance in the upcoming earnings conference call.