Microsoft reports solid quarterly earnings that beat estimates in nearly every category

Microsoft reports solid quarterly earnings that beat estimates in nearly every category 1
In brief: The Redmond-based tech giant generated revenue of $33.1 billion during the three-month period, an increase of 14 percent year-over-year. Operating income checked in at $12.7 billion, up 27 percent, with a net income of $10.7 billion, an increase of 21 percent versus the same period a year ago. Diluted earnings per share were $1.38 – again, up 21 percent year-over-year.

Microsoft in its most recent earnings release for the quarter that ended September 30 bested nearly every estimate as it starts the first quarter of fiscal year 2020 off on solid footing.

Microsoft CEO Satya Nadella singled out the company’s Azure cloud computing service as one of its growth drivers, noting that “the world’s leading companies are choosing our cloud to build their digital capability.” Indeed, Azure revenue growth of 59 percent certainly contributed to the 30 percent revenue increase of the server products and cloud services category but growth has slowed slightly from a gain of 64 percent in the previous quarter and 73 percent before that.

While most every category experienced year-over-year revenue growth, the brand’s Surface hardware division was the exception as revenue slid four percent for the quarter. The division’s fortunes will likely improve this quarter as Microsoft introduced several new Surface hardware products earlier this month.

Xbox content and services revenue remained more or less unchanged, Microsoft said.

The company is expecting another solid quarter during the holiday period that’ll end on December 31, CFO Amy Hood said during a conference call.

Masthead credit: Microsoft building by gguy

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin62,158 0.92 % 1.37 % 13.61 %
Ethereum3,875.3 0.29 % 0.30 % 12.95 %
Binance Coin472.22 0.31 % 1.23 % 16.79 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Cardano2.150 0.31 % 1.35 % 1.94 %
XRP1.100 0.34 % 3.30 % 3.23 %
Solana161.64 0.13 % 1.32 % 9.44 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
USD Coin1.000 0.14 % 0.20 % 0.17 %
Dogecoin0.2391 0.40 % 0.46 % 4.28 %

bitcoin
Bitcoin (BTC) $ 62,365.00
ethereum
Ethereum (ETH) $ 3,888.01
binance-coin
Binance Coin (BNB) $ 473.38
tether
Tether (USDT) $ 1.00
cardano
Cardano (ADA) $ 2.16
xrp
XRP (XRP) $ 1.10
solana
Solana (SOL) $ 162.26
polkadot
Polkadot (DOT) $ 42.91
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.239467