Categories AlphaGraphs, Earnings, Technology

Microsoft (MSFT) Q3 profit jumps 22%, beats estimates

Microsoft Corp. (NASDAQ: MSFT) reported its financial results for the quarter ended March 31, 2020 today. The results came in above the analysts’ expectations.

Microsoft posted a 22% jump in earnings for the third quarter of 2020 helped by higher revenue. In the latest quarter, COVID-19 had a minimal net impact on total company revenue.

Microsoft (MSFT) Q3 2020 earnings review

In the Productivity and Business Processes and Intelligent Cloud segments, cloud usage increased, particularly in Microsoft 365 including Teams, Azure, Windows Virtual Desktop, advanced security solutions, and Power Platform, as customers shifted to work and learn from home.

In the final weeks of the quarter, there was a slowdown in transactional licensing, particularly in small and medium businesses, and a reduction in advertising spend on LinkedIn. The effects of COVID-19 may not be fully reflected in the financial results until future periods.

Past Performance

Microsoft Q2 2020 Earnings Results

MSFT Q1 2020 Earnings Performance

Most Popular

Hormel Foods (HRL) fine-tunes biz strategy to beat challenges. Is the stock a buy?

For consumer staples companies, rising inflation is probably turning into a bigger challenge than the virus-induced supply chain disruption and store closures. After bettering its position since the early months

HP Inc. (HPQ) stock research summary | Q3 2021

HP Inc has shown a strong performance in Q4 2021. In spite of remote working, HP has shown a strong demand for PC and printer. The company has beat Zacks

VMware Inc. (VMW) stock research summary | Q3 2021

In this era of digital transformation, the technology industry is seeing a rapid influx of innovative products and solutions that help businesses adapt to the fast-changing and complex environment. VMware

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top