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Microsoft Reports Earnings

By John F. Heerdink, Jr.

Microsoft (MSFT) reports reports earnings expectations. The technology giant’s majority growth contributor was its Azure cloud division, pushing its market capitalization close to $2 trillion. For the quarter, the company reported $15.12 billion in revenue from the segment, a 23% year-over-year increase.

Earning Highlights:

  • Revenue of $41.7 billion was reported versus $41.05 billion expected.
  • EPS of $2.03 was reported versus $1.78 expected.
  • Intelligent Cloud reported $15.12 billion versus $14.9 billion expected.
  • Personal Computing stood at $13.04 billion versus $12.6 billion expected.

“Over a year into the pandemic, digital adoption curves aren’t slowing down. They’re accelerating, and it’s just the beginning. We are building the cloud for the next decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform.” stated Microsoft CEO Satya Nadella.

A 10% year-over-year increase in Windows OEM revenue was reported, a 10% year-over-year increase in Windows commercial products and cloud services revenue, and Xbox and gaming revenue witnessed a 35% jump.

Redmond, Washington-based American multinational technology company Microsoft (MSFT) develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and related services. To learn more about Microsoft (MSFT) and to track their progress please visit the Vista Partners Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Microsoft beats Q3 revenue expectations on strength of cloud and PC sales in Yahoo Finance)


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