Microsoft beats Q3 estimates; reports Azure, Office 365 strength

The software behemoth reported diluted earnings per share (EPS) of $0.95 on revenues of $26.8 billion.

Overall Windows OEM revenue increased 4% (up 4% in constant currency).

Microsoft said LinkedIn, the professional social network it recently acquired, saw revenues up 37 percent from a year ago.

Office commercial products and cloud services revenue grew by 14% (12% CC), and Office 365 commercial revenue grew by 42% (40% CC).

The company had an Operating Income of $8.3 billion with Net Income coming in at $7.4 billion.

Its Intelligent Cloud business, including the Azure cloud-computing service and server programs such as SQL Server, saw sales surge 17% to $7.896 billion. "We are innovating across key growth categories of infrastructure, AI, productivity, and business applications to deliver differentiated value to customers".


In terms of the divisions, revenue in More Personal Computing was $9.9 billion and increased 13%, the commercial cloud performed strongly during the quarter as well, with Azure recording a revenue increase of 93%.

With consistent investment and strong sales execution, this quarter we achieved better than expected performance across all segments.

Microsoft's Office 365, an online-productivity service for businesses, is also expected to continue to propel growth at the old-guard tech titan. Azure had posted an over 90% growth for the past 10 quarters.

Microsoft's Productivity and Business group, which sells the Office productivity suite of Word and Excel, the online version, Office 365, and other things, saw revenue rise 17% to $9 billion. Xbox gaming revenue grew by 24% thanks to third-party games titles.

Shares in the software titan are trading at around 1.5% lower in after-hours trading following the results.

Microsoft stock, which has been hovering close to the $100 per share mark for much of 2018, is down slightly following the company's latest financials.


Popular
  • Asian shares advance as United States  bond yields push dollar higher

    Asian shares advance as United States bond yields push dollar higher

    Brent crude oil was last down 0.2% at $73.72 a barrel but up 10.2% for the year, increasing material costs for some companies. Should it climb above 3.041 percent, its peak in January 2014, it will likely move into territory last seen in summer 2011.
    Claire Danes Confirms 'Homeland' Will End With Season 8

    Claire Danes Confirms 'Homeland' Will End With Season 8

    She noted that she was loving her single life, which was something very new to her at the time when she and Dancy met. However, she did concede in jest to name her baby after Stern - "Howardina" if it's a girl, notes MSN .
    G7 endorses US-led air strikes in Syria

    G7 endorses US-led air strikes in Syria

    WEAPONS inspectors finally entered Douma yesterday to investigate the suspected chemical attack , according to Syrian state media. The accounts contradict what the Syrian government and Russian Federation have reported: that there was no gas attack in Douma.
  • IOS 11.3.1 rolls out with iPhone display fix

    IOS 11.3.1 rolls out with iPhone display fix

    In the meantime, make sure you update the app on your smartphone by going to the App Store or by tapping on the link below. All that ultimately pushed Apple to bring the new update that comes just in a month after the original iOS 11.3 release.
    Actress to get bail hearing in sex slave case

    Actress to get bail hearing in sex slave case

    Raniere (57) has run a network of self-help groups based in Albany, New York , called Nxivm over the past 20 years. Prosecutors say she helped recruit sex slaves for leader Keith Raniere and his group called NXIVM (NEX'-ee-um).
  • Amazon hikes up price of Prime to $119 a year

    Amazon hikes up price of Prime to $119 a year

    From 11 May, new members will pay $119 United States dollars per year for a subscription, up from $99 USD right now. The company says that existing customers will be able to renew their subscription for $99 through June 16.
    Looks Like There's Room For Dez Bryant On The Giants Now

    Looks Like There's Room For Dez Bryant On The Giants Now

    Marshall , who had surgery after a season-ending ankle injury past year , failed his physical and was cut. The Ravens were interested in Marshall last offseason before he signed with the Giants.
    Motorola launches 2018 G6 and E5 smartphones

    Motorola launches 2018 G6 and E5 smartphones

    To the front, there's dual camera setup with 5 MP F/2.0 camera and 8 MP shooter with an F/2.2 aperture and 1.25um pixel size. As for optics, there is a single 12-megapixel rear camera which comes with f/2.0 aperture, 1.25-micron, and laser autofocus.
  • Meteors have started raining down in Fortnite

    Meteors have started raining down in Fortnite

    However, if you log in to Fortnite right now, you'll have to add falling meteors to the list of dangers to avoid in the game . A comet just hit my game! Fortnite is continuing to expand its offerings, with new updates coming soon.
    Moon-Trump meeting possible before US-N. Korea summit

    Moon-Trump meeting possible before US-N. Korea summit

    He said that "a lot of concessions have already been made " - while stressing it was not the United States that had given ground. Asked to explain what he means by denuclearization, Trump replied: "It means they get rid of their nukes - very simple".

    Minnesota Twins vs. New York Yankees: Odds, Analysis, MLB Betting Pick

    CC Sabathia trots out to the mound for his fourth start of the season and his second since coming off the DL for the Yankees. Before that, the Twins had won three of the previous four games between the teams, so give them a shot here.

CONNECT