Microsoft reported their Q3 earnings today and the company beat Wall St. expectations with strong Office and Cloud growth.
It’s earnings day for Microsoft and the company has posted another strong quarter (Q1 with revenue of $24.5 billion with Net Income being reported as $6.6 billion.
Microsoft has released its Q4 earnings (Q2 calendar) and during that time period, the company brought in Net income of $6.5 billion on $23.3 billion of revenue.
Microsoft’s Cloud performance continues to be a key driver of revenue for the company with Q3 results indicating that its services have a run rate of $15.2 billion.
Microsoft has released its second quarter earnings (first quarter calendar) with revenue of $24.1 billion GAAP, and $26.1 billion non-GAAP; this tops analysts estimates for the quarter.
For the end of its first quarter fiscal year, third quarter calendar year, Microsoft has reported $20.5 billion in GAAP and $22.3 billion in non-GAAP revenue with operating income at $5.2 billion GAAP, and $7.1 billion non-GAAP.
For the fourth quarter of Microsoft’s fiscal year, ending June 30th, the company reported revenue of $22.6 billion non-GAAP (20.6 GAAP) with operating income of $3.1 billion GAAP, and $6.2 billion non-GAAP.