Categories AlphaGraphs, Earnings, Technology
Microsoft (MSFT) Q3 revenue up 18%, earnings beat estimates
Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported higher revenues and earnings for the third quarter of 2022. The results also topped analysts’ expectations.
At $49.4 billion, third-quarter revenues were up 18% from the comparable period of last year and above analysts’ forecast. Server products and cloud services revenue advanced 29%, with Azure and other cloud services revenue growing 46%.
Net income came in at $16.7 billion or $2.22 per share in the March quarter, compared to $15.5 billion or $2.03 per share in the third quarter of 2021. The bottom line also came in above estimates.
Read management/analysts’ comments on Microsoft’s Q3 report
Microsoft’s shares gained on Tuesday evening following the earnings announcement, after closing the regular session lower.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Important takeaways from Broadcom’s (AVGO) Q4 2023 earnings
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) ended fiscal 2023 on a positive note, delivering strong results for the fourth quarter. In the new fiscal year, the company’s focus will be
Here’s what Signet Jewelers (SIG) expects for the holiday season and beyond
Shares of Signet Jewelers Limited (NYSE: SIG) were down over 2% on Friday. The stock has gained 40% year-to-date and 27% over the past three months. The jewelry retailer saw
DOCU Earnings: DocuSign Q3 2024 revenue up 9%; profit beats estimates
eSignature service provider DocuSign, Inc. (NASDAQ: DOCU) reported higher revenues and better-than-expected adjusted earnings for the third quarter of 2024. The company also provided guidance for the fourth quarter and