Microsoft (MSFT) reported Q3 earnings recently, with its cloud division jumping 27% year-over-year.
Earning highlights in comparison to analysts’ expectations compiled by Bloomberg
- Revenue of $35 billion reported versus $33.6 billion expected.
- Earnings per share of $1.40 versus $1.28 expected.
“Our durable business model, diversified portfolio, and differentiated technology stack position us well for what’s ahead,” stated CEO Satya Nadella in the earnings release.
“To this point, we believe Azure’s cloud momentum is still in its early days of playing out within the company’s massive installed base (current environment a potential catalyst to cloud shift) and the Office 365 transition for both consumer/enterprise is providing growth tailwinds over the next few years,” he wrote in a research note.
Microsoft’s Intelligent Cloud division contributed 35% of Microsoft’s revenue in Q3. Intelligent Cloud reported $12.3 billion, up 27% year-over-year’s, and More Personal Computing reported $11 billion, up 3% year-over-year. Azure business, a part of the Intelligent Cloud division, witnessed 59% revenue growth in the quarter.
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.
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