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Microsoft (MSFT) Matches Revenue Estimates, Azure Grows 93%
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Microsoft Corp. (MSFT - Free Report) just released its third-quarter 2017 financial results, posting earnings of 73 cents per share and revenues of $23.6 billion.
Currently, MSFT is a Zacks Rank #4 (Sell), but this ranking could change based on today’s results. The stock is down 1.64% to $67.15 per share in trading shortly after its earnings report was released.
Microsoft:
Beat earnings estimates. The company posted earnings of $0.73 per share, surpassing the Zacks Consensus Estimate of $0.69.
Matched revenue estimates. The company saw non-GAAP revenue figures of $23.557 billion, basically matching our consensus estimate of $23.551 billion.
Productivity and Business Processes grew 22% to $8.0 billion. Office commercial products and cloud services revenue increased 7%, while Office consumer products and cloud services revenue increased 15%. LinkedIn contributed revenue of $975 million.
Intelligence Cloud revenue increased 11% to $6.8 billion. Server products and cloud services revenue increased 15%, driven by Azure revenue growth of 93%.
More Personal Computing revenue slipped 7% to $8.8 billion.
“Our results this quarter reflect the trust customers are placing in the Microsoft Cloud,” said CEO Satya Nadella. “From large multi-nationals to small and medium businesses to non-profits all over the world, organizations are using Microsoft’s cloud platforms to power their digital transformation.”
Here’s a graph that looks at Microsoft’s latest earnings performance:
Microsoft Corporation Price, Consensus and EPS Surprise
Microsoft is a technology company. Their products include operating systems for computing devices, servers, phones, and other intelligent devices; server applications for distributed computing environments; cross-device productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. They also design and sell hardware including PCs, tablets, gaming and entertainment consoles, phones, other intelligent devices, and related accessories. They offer cloud-based solutions that provide customers with software, services, platforms, and content.
Check back later for our full analysis on Microsoft’s earnings report!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
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Microsoft (MSFT) Matches Revenue Estimates, Azure Grows 93%
Microsoft Corp. (MSFT - Free Report) just released its third-quarter 2017 financial results, posting earnings of 73 cents per share and revenues of $23.6 billion.
Currently, MSFT is a Zacks Rank #4 (Sell), but this ranking could change based on today’s results. The stock is down 1.64% to $67.15 per share in trading shortly after its earnings report was released.
Microsoft:
Beat earnings estimates. The company posted earnings of $0.73 per share, surpassing the Zacks Consensus Estimate of $0.69.
Matched revenue estimates. The company saw non-GAAP revenue figures of $23.557 billion, basically matching our consensus estimate of $23.551 billion.
Productivity and Business Processes grew 22% to $8.0 billion. Office commercial products and cloud services revenue increased 7%, while Office consumer products and cloud services revenue increased 15%. LinkedIn contributed revenue of $975 million.
Intelligence Cloud revenue increased 11% to $6.8 billion. Server products and cloud services revenue increased 15%, driven by Azure revenue growth of 93%.
More Personal Computing revenue slipped 7% to $8.8 billion.
“Our results this quarter reflect the trust customers are placing in the Microsoft Cloud,” said CEO Satya Nadella. “From large multi-nationals to small and medium businesses to non-profits all over the world, organizations are using Microsoft’s cloud platforms to power their digital transformation.”
Here’s a graph that looks at Microsoft’s latest earnings performance:
Microsoft Corporation Price, Consensus and EPS Surprise
Microsoft Corporation Price, Consensus and EPS Surprise | Microsoft Corporation Quote
Microsoft is a technology company. Their products include operating systems for computing devices, servers, phones, and other intelligent devices; server applications for distributed computing environments; cross-device productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. They also design and sell hardware including PCs, tablets, gaming and entertainment consoles, phones, other intelligent devices, and related accessories. They offer cloud-based solutions that provide customers with software, services, platforms, and content.
Check back later for our full analysis on Microsoft’s earnings report!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Zacks’ Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but chosen members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting today, and for the next month, you can follow all Zacks’ private buys and sells in real time. Our experts cover all kinds of trades: value, momentum, ETFs, stocks under $10, stocks that corporate insiders are buying up, and companies that are about to report positive earnings surprises. You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks’ secret trades>>