Microsoft revenue leaped 25 percent in the first quarter but profit dropped, dragged down by expenses tied to its ongoing wave of layoffs and to the integration of Nokia’s phone business.

Revenue hit $23.2 billion in the quarter ended Sept. 30, easily exceeding the $22 billion consensus expectation from analysts polled by Thomson Reuters.

Meanwhile, net income was $4.54 billion, or $0.54 per share. That exceeded analysts’ expectations by $0.05, but represented a drop of 13 percent in earnings per share compared with last year’s first quarter.

Profit was hurt by $1.14 billion of integration and restructuring expenses, which had a negative impact equivalent to $0.11 per share, resulting from the massive round of layoffs the company began to carry out in July and from the ongoing meshing of the Nokia Devices and Services business, whose $7.2 billion acquisition closed in April.

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