Microsoft revenue and earnings beat expectations

Microsoft revenue and earnings beat expectations

Microsoft CEO Satya Nadella. (AP Photo/Elaine Thompson, File)

Microsoft (MSFT) announced its Q3 2018 financial results on Thursday, and they beat expectations.

The tech giant posted earnings of $0.95 per share on $26.8 billion of revenue. Those results beat analyst expectations of $0.85 per share on $25.78 billion revenue.

The stock is slightly lower in after-hours trading.

Microsoft’s intelligent cloud division saw revenue of $7.9 billion, an increase of 17%. Helping to push the segment higher were a 20% increase in server product and cloud services revenue and a 93% increase in Azure revenue growth.

Personal computing segment revenue grew 13% with Windows OEM revenue growing by 4%. Xbox gaming revenue grew by 24% thanks to third-party games titles.

Developing…

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