Below are the key takeaways from Microsoft Corp’s recently published earnings reports as reported by Reuters.
- Microsoft Corp reported quarterly adjusted earnings of $1.14 per share vs 96 cents expected.
- Revenue rose 18.5 percent to $29.08 billion from a year ago; analysts expected $27.9 billion.
- Windows OEM revenue increased 3%.
- Quarterly gaming revenue increased 44% with Xbox software and services revenue growth of 36% mainly from third-party title strength.
- Quarterly revenue in productivity and business processes was $9.8 bln and increased 19%.
- Quarterly revenue in more personal computing was $10.7 bln and increased 15%.
- Quarterly revenue in the intelligent cloud was $8.6 bln and increased 24%.
- Quarterly Linkedin revenue increased 33%.
- Quarterly server products and cloud services revenue increased 28%.
On the back of impressive earnings results, Microsoft shares jumped more than 3% in the after-hours trading.
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