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Microsoft Corp (MSF.MU)
- Yahoo Finance
Microsoft beats Q3 top and bottom lines on cloud strength
Microsoft reported better than anticipated Q3 earnings on Thursday, powered by growth in its cloud products.
- Yahoo Finance Video
Microsoft earnings top estimates as cloud business sees growth
Microsoft (MSFT) reported third quarter earnings of $2.94 per share. Revenue of $61.9 billion topped estimates of $60.8 billion. The company's cloud business was a standout, with revenue of $35.1 billion versus an estimate of $33.9 billion. Yahoo Finance's Julie Hyman Jared Blikre, and Josh Schafer break down the tech giant's quarterly results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
- Barrons.com
Microsoft's Revenue Outlook Slightly Missed Estimates, but With Surprising Strength in Cloud Business
Microsoft provided mixed guidance for the June quarter, while also forecasting accelerating demand and spending tied to the cloud and artificial intelligence. Microsoft sees growth in the Azure business of 30% to 31% in constant currency in the June quarter, which is ahead of the Street consensus forecast of 28%. Microsoft CFO Amy Hood told investors on the company's Thursday afternoon conference call that she expects revenue from the company's Productivity and Business Processes segment to be up between 9% and 11% in constant currency, to between $19.9 billion and $20.2 billion, a little shy of the Street consensus as tracked by FactSet at $20.4 billion.
