Categories AlphaGraphs, Earnings, Technology

Microsoft’s cloud business grows 23% in Q3: Infographic

Azure revenue grows 50% in Q3, lifting overall revenues above the average analysts' estimate

Microsoft Corp (NASDAQ: MSFT) reported third-quarter 2021 financial results after the regular trading hours on Tuesday. The tech giant reported Q3 revenue of $41.7 billion, up 19% year-over-year and above the Wall Street consensus. The company reported a net income of $1.95 per share, much better than what analysts had anticipated.

MSFT shares fell 3.5% immediately following the announcement. The stock has rallied 50% over the past twelve months.

Microsoft Q3 2021 earnings

Looking forward to listening to management/ analyst comments on quarterly results? Stay tuned here for Microsoft Q3 2021 earnings call transcript

“Over a year into the pandemic, digital adoption curves aren’t slowing down. They’re accelerating, and it’s just the beginning,” CEO Satya Nadella said in a statement.

“We are building the cloud for the next decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform,” he added.

Prior performance

  • Microsoft (MSFT) Q4 2020 Earnings Infograph

Most Popular

Stitch Fix (SFIX) Stock: Will the innovative biz model survive virus-led slump?

The business world is still struggling to come out of the virus-induced slowdown, but it seems almost every retail segment benefited from the pandemic at some point. The vaccination drive

General Mills (GIS): Three factors that are expected to help drive growth for the food company going forward

Shares of General Mills Inc. (NYSE: GIS) were up 3.2% on Wednesday after the company delivered better-than-expected results for the first quarter of 2022. Net sales rose 4% year-over-year to

IPO Alert: Allvue Systems sets IPO terms, to raise around $290 million

It is estimated that the alternative investments industry has expanded at a compound annual rate of 10.2% over the past ten years and had $11 trillion in assets under management

Add Comment
Viewing Highlight