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Microsoft today reported its financial results for the quarter ended December 31, 2018.
Microsoft’s sales numbers were ahead of analysts estimates, EPS was $1.08 against the estimate of $1.09 and the revenue was $32.5 billion against the estimate of $32.49B. Operating income was $10.3 billion and it increased 18%. Net income was $8.4 billion GAAP and $8.6 billion non-GAAP.
As we saw in the last few years, Microsoft’s results were mainly driven by solid financial results from Office 365 and Azure.
“Our strong commercial cloud results reflect our deep and growing partnerships with leading companies in every industry including retail, financial services, and healthcare,” said Satya Nadella, CEO of Microsoft. “We are delivering differentiated value across the cloud and edge as we work to earn customer trust every day.”
Microsoft returned $9.6 billion to shareholders in the form of share repurchases and dividends in the second quarter of fiscal year 2019.
“Our solid execution delivered another strong quarter, with commercial cloud revenue growing 48% year-over-year to $9.0 billion,” said Amy Hood, executive vice president and chief financial officer of Microsoft. “We continue to make strategic investments to capture expanding market opportunities to drive growth across our businesses.”