Microsoft Corporation Earnings Rise In Q3

Mae Love
April 27, 2018

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

LinkedIn revenues of $1.33bn were up 37 per cent from $976m past year. Analysts were expecting Microsoft to report earnings of 85 cents a share on $25.8 billion in revenue.

The company's flagship cloud product Azure, which competes with Amazon.com Inc's dominant cloud infrastructure offering Amazon Web Services (AWS), recorded revenue growth of 93 per cent in the third quarter ended March 31.

The company provided no guidance but said it would do so on the conference call.

“With consistent investment and strong sales execution, this quarter we achieved better than expected performance across all segments, ” said Amy Hood, executive vice president and chief financial officer at Microsoft.

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The company had an Operating Income of $8.3 billion with Net Income coming in at $7.4 billion. "Productivity and Business" sells the Office productivity suite and other software programs while "More Intelligent Computing" includes Windows PC license revenue and the Xbox gaming franchise.

There are now 30.6 million Office 365 consumer subscribers, with Office consumer products and cloud services revenue growing by 12% (9% CC).

Windows OEM revenue grew by 4% (4% CC), and accounting for that is an 11% (11% CC) increase in Pro revenue, and an 8% (8% CC) decline in non-Pro revenue.

In addition, Windows commercial products and cloud services revenue increased 21% (up 17% in constant currency) driven by an increased volume of multi-year agreements and the mix of products that carry higher in-quarter revenue recognition.

Revenue from sales of the company's 2-in-1 Surface rose by 32% and search advertising revenue rose 16%, excluding traffic acquisition costs. The stock closed at $94.26 in a 52-week range of $67.14 to $97.24.

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