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

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

Cryptosoft
Cryptosoft Trading Bot Review
June 27, 2022
The Largest Crypto Scams Of 2022 (So Far)
The Largest Crypto Scams Of 2022 (So Far)
June 14, 2022
Scammers
How Do Scammers Entice Their Prey?
May 10, 2022
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Prove
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Is The Crypto Market Combating A Lehman Brothers Moment?
Is The Crypto Market Combating A Lehman Brothers Moment?
June 30, 2022
Russia
Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin18,949 1.33 % 5.96 % 5.18 %
--- --- --- ---
--- --- --- ---
--- --- --- ---
--- --- --- ---
--- --- --- ---
--- --- --- ---
--- --- --- ---
--- --- --- ---
--- --- --- ---

bitcoin
Bitcoin (BTC) $ 19,226.39
ethereum
Ethereum (ETH) $ 1,029.26
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 211.14
binance-usd
Binance USD (BUSD) $ 1.00
xrp
XRP (XRP) $ 0.312755
cardano
Cardano (ADA) $ 0.447094
solana
Solana (SOL) $ 32.10
dogecoin
Dogecoin (DOGE) $ 0.064418