Microsoft's quarterly results beat analysts' forecasts
Microsoft reported quarterly revenue that exceeded $50 billion for the first time and profits that beat analysts' estimates, fueled by cloud computing, games and Windows software.
Microsoft reported quarterly revenue that exceeded $50 billion for the first time and profits that beat analysts' estimates, fueled by cloud computing, games and Windows software.
Total revenue for the quarter rose 20% to $51.7 B, beating analysts' forecasts of $50.9 B. Net income rose to $18.8 billion, or $2.48 per share, compared with analysts' forecasts of $2.32 per share.
Sales of commercial cloud solutions rose 32% to $22.1 B in the quarter.
Sales of commercial cloud solutions rose 32% to $22.1 B in the quarter.
Revenue in the Productivity division, which includes Office, was in line with the average forecast of $15.9 billion.
Revenue in the PC division, which includes Windows, Surface and Xbox, was $17.5 billion, beating the average forecast of $16.7 billion.
Revenue in the PC division, which includes Windows, Surface and Xbox, was $17.5 billion, beating the average forecast of $16.7 billion.
Microsoft shares have lost 14% since start of the year, despite a strong and acquisition of Activision Blizzard, as shares of major tech companies have fallen.
© Reuters.
© Reuters.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
