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.
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