Microsoft Business Solutions exceeds Wall Street (External) revenue expectations.

MBS GAAP Revenue of $216m grew 21% over prior year, beating Wall Street expectations by $5m. The growth was driven by a 28% growth in licence revenue over the prior year.

GAAP Operating Income was a loss of $13m. The quarterly loss was less than budget and represents a $26m improvement over prior year, driven by the increase in revenue.

The full earnings release is included below and all of the related financial materials are available on the Investor Relations website at http://www.microsoft.com/msft/.