fbpx

YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Microsoft’s Cloud Strength Boosts Q3 Earnings Beat – $MSFT $DIA

By John F. Heerdink, Jr.

Microsoft (MSFT) recently exceeded its fiscal Q3 earnings riding high on the cloud computing business. The technology reported adjusted earnings of $2.22 a share on sales of $49.4 billion in the quarter ended March 31, exceeding estimates of $2.19 a share on sales of $49 billion. For the current quarter, Microsoft expects to generate sales of $52.8 billion, based on the midpoint of its guidance, in-line with Wall Street’s target for the June quarter. 

On a year-over-year basis, Microsoft earnings increased 14% while sales climbed 18%. The company’s Intelligent Cloud unit which includes server products and cloud services such as Azure infrastructure offerings was the top performer in the quarter and reported a revenue increase of 26% year over year to $19.1 billion. Microsoft’s Productivity and Business Processes unit witnessed sales rise 17% to $15.8 billion. The division includes Office productivity software as well as the Dynamics and LinkedIn businesses. Microsoft’s More Personal Computing unit which includes Windows software, Xbox video games, Surface computers, internet search, and advertising posted an 11% increase in sales to $14.5 billion.


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. 

Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.

(Read Original Story: Microsoft Beats March-Quarter Views On Cloud Strength in Investor's Business Daily)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us

Skip to toolbar Log Out