Stocks for the IT multinational cooperation, Microsoft exceeded market’ estimates in the January-March quarter on Thursday; while profit dropped lower than expected, driven by the strong sales in the cloud-computing division.
Net earnings came in at $5.66 billion in the fiscal third quarter of the year, according Microsoft. However, the first profit slid 6% year-on-year on GAAP basis.
Microsoft revenues were at $20.49 billion, beating the consensus estimates of $20.38 billion.”This quarter’s results demonstrate the strength of our business, as well as the opportunities we see in a mobile-first, cloud-first world. We are making good progress in our consumer services like Bing and Office 365 Home, and our commercial customers continue to embrace our cloud solutions. Both position us well for long-term growth,” said Satya Nadella, CEO of Microsoft. “We are focused on executing rapidly and delivering bold, innovative products that people love to use.”
Consumer and devices revenue climbed 12% higher to $8.30 billion, while the IT cooperation’s commercial revenue rose by 7% to $12.23 billion.
“Our products and services continue to deliver differentiated business value to our customers, and we continue to win share in areas like cloud services, data platform, and infrastructure management,” said Kevin Turner, chief operating officer at the company. “Our SQL Server business grew double-digits again this quarter, and with the announcements of SQL 2014 and Power BI for Office 365, we offer a unique, comprehensive, end-to-end data and analytics solution.”
The upbeat results sent Microsoft stocks higher, as it climbed 2.5% to $40.9 per share on the Nasdaq.
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Stocks for the IT multinational cooperation, Microsoft exceeded market’ estimates in the January-March quarter on Thursday; while profit dropped lower than expected, driven by the strong sales in the cloud-computing division.
Net earnings came in at $5.66 billion in the fiscal third quarter of the year, according Microsoft. However, the first profit slid 6% year-on-year on GAAP basis.
Microsoft revenues were at $20.49 billion, beating the consensus estimates of $20.38 billion.”This quarter’s results demonstrate the strength of our business, as well as the opportunities we see in a mobile-first, cloud-first world. We are making good progress in our consumer services like Bing and Office 365 Home, and our commercial customers continue to embrace our cloud solutions. Both position us well for long-term growth,” said Satya Nadella, CEO of Microsoft. “We are focused on executing rapidly and delivering bold, innovative products that people love to use.”
Consumer and devices revenue climbed 12% higher to $8.30 billion, while the IT cooperation’s commercial revenue rose by 7% to $12.23 billion.
“Our products and services continue to deliver differentiated business value to our customers, and we continue to win share in areas like cloud services, data platform, and infrastructure management,” said Kevin Turner, chief operating officer at the company. “Our SQL Server business grew double-digits again this quarter, and with the announcements of SQL 2014 and Power BI for Office 365, we offer a unique, comprehensive, end-to-end data and analytics solution.”
The upbeat results sent Microsoft stocks higher, as it climbed 2.5% to $40.9 per share on the Nasdaq.
Visit www.hymarkets.com to find out more about our products and start trading today with only $50 using the latest trading technology today
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