Microsoft Q3 FY18 Earnings: Revenue was $26.8 billion and Operating income was $8.3 billion
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Microsoft today reported its latest quarter financial results. Microsoft’s EPS and sales numbers were well ahead of analysts estimates, EPS was $0.95 against the estimate of $0.85 and the revenue was $26.8B against the estimate of $25.77B. Operating income was $8.3 billion and increased 23%. Once again, Microsoft’s results were driven by solid financial results from Office 365 and Azure.
“Our results this quarter reflect the trust people and organizations are placing in the Microsoft Cloud,” said Satya Nadella, chief executive officer of Microsoft. “We are innovating across key growth categories of infrastructure, AI, productivity, and business applications to deliver differentiated value to customers.”
“With consistent investment and strong sales execution, this quarter we achieved better than expected performance across all segments,” said Amy Hood, executive vice president and chief financial officer at Microsoft. “We delivered double-digit revenue and operating income growth driven by 58% growth in our commercial cloud revenue.”
Source: Microsoft
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