Microsoft (MSFT) Matches Revenue Estimates, Azure Grows 93%

ENTERPRISE HARDWARE Here's What We Know about Microsoft's Surface Pro 5
Microsoft (MSFT) Matches Revenue Estimates, Azure Grows 93%
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28 April, 2017

And Office 365, the online version of Microsoft's widely used productivity software, reported huge gains as well as businesses increasingly subscribe to email, word-processing and spreadsheet applications that run in Microsoft's data centers.

Overall, Microsoft posted $4.8 billion in third-quarter net income, or 61 cents a share, compared with a profit of $3.76 billion, or 47 cents a share, a year ago.

Like every quarter, Microsoft just reported earnings for the last quarter.

LinkedIn contributed almost $1 billion in revenue to Microsoft's most recent quarter.

Intelligence Cloud revenue increased 11% to $6.8 billion. "From large multi-nationals to small and medium businesses to non-profits all over the world, organizations are using Microsoft's cloud platforms to power their digital transformation".

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Shares fell 1.6% to $67.20 in after-hours trading as adjusted per-share earnings beat expectations and revenue fell short of expectations.

Microsoft has published its latest financial results, covering the third quarter of its 2017 fiscal year (the first quarter of the 2017 calendar year). Non-GAAP earnings were 73 cents a share on revenue of $23.6 billion. Microsoft said the product saw sales growth of 93 percent.

Under Chief Executive Satya Nadella, who took the helm in 2014, Microsoft has sharpened its focus on the fast-growing cloud computing unit to counter a prolonged slowdown in the PC market, which has weighed on demand for its Windows software. Microsoft now has 26.2 million Office 365 consumer subscribers.

However, revenue in the company's "more personal computing" business fell 7% to $8.8 billion during the most recent quarter, due to lower phone sales.

However, after falling by 2% last quarter, Surface revenue dropped by a massive 26% (25% CC), which Microsoft attributed to "increased price competition in the premium 2-in-1 category and product end-of-lifecycle dynamics". This was the first full quarter in which LinkedIn was part of Microsoft, and it drove $965 million in operating expenses, including $153 million in amortization of intangibles - a term that usually covers things like goodwill, trademarks, or brand value. Other areas like Windows OEM revenue, gaming revenue and even search revenue were up by between 4 and 8 percent.


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