Microsoft (MSFT) late Thursday reported stronger-than-expected fiscal third-quarter results as a double-digit gain in its cloud business helped boost the technology giant's overall revenue.
Per-share earnings increased to $2.94 during the three months ended March 31 from $2.45 a year earlier, higher than the GAAP consensus on Capital IQ for $2.84. Revenue rose 17% to $61.86 billion, exceeding Wall Street's $60.89 billion view.
Microsoft shares gained 5.4% in after-hours trade.
Cloud revenue advanced 23% to $35.1 billion, Chief Financial Officer Amy Hood said in a statement.
The intelligent cloud segment's sales jumped 21% annually to $26.71 billion, driven by a 31% surge in cloud-computing platform Azure and other cloud services, Microsoft said. The productivity and business processes division reported a 12% sales increase to $19.57 billion, buoyed by gains in Office 365 commercial and LinkedIn.
Revenue in the "more personal computing" unit increased 17% to $15.58 billion due to gains in Windows and Xbox, weighed down by a 17% slide in devices revenue.
🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context, Show More
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Jan 23 16:54
MicroStrategy Q4 2024 earnings conference call
Reassessing Chinese Assets
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
Seraphicall : Lol
一路发发 : Yes earning out already
Stock Therapy : no they come out at 11pm just wait till then
Avengers 2023 : Earning 5.30pm US time tomorrow.
包小姐老公的养老金 : Wait the conference, lets see what the boss has to say
一路发发 Avengers 2023 : Already out ok earning.
Avengers 2023 一路发发 : Not yet lah.
Avengers 2023 一路发发 : Where do u see the report ?
一路发发 Avengers 2023 : Pls see the news. All figure is out
Microsoft (MSFT) late Thursday reported stronger-than-expected fiscal third-quarter results as a double-digit gain in its cloud business helped boost the technology giant's overall revenue.
Per-share earnings increased to $2.94 during the three months ended March 31 from $2.45 a year earlier, higher than the GAAP consensus on Capital IQ for $2.84. Revenue rose 17% to $61.86 billion, exceeding Wall Street's $60.89 billion view.
Microsoft shares gained 5.4% in after-hours trade.
Cloud revenue advanced 23% to $35.1 billion, Chief Financial Officer Amy Hood said in a statement.
The intelligent cloud segment's sales jumped 21% annually to $26.71 billion, driven by a 31% surge in cloud-computing platform Azure and other cloud services, Microsoft said. The productivity and business processes division reported a 12% sales increase to $19.57 billion, buoyed by gains in Office 365 commercial and LinkedIn.
Revenue in the "more personal computing" unit increased 17% to $15.58 billion due to gains in Windows and Xbox, weighed down by a 17% slide in devices revenue.
wanwan233 Avengers 2023 : Earnings are always out before the conference call - go check out the company’s press release