4/24, 10:03 PM (Source: TeleTrader)
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Microsoft reports revenue at 30.6B in Q3, up 14% YoY

Microsoft Corporation reported on Wednesday its revenue for the third fiscal quarter stood at $30.6 billion, increasing 14% year-over-year. Earnings per share were $1.14, rising 20% compared to the same period of last year.

The company said net income was $8.8 billion, jumping 19% compared to the same period of last year. Operating income was reported at $10.3 billion, marking a 25% rise compared to the same quarter of 2018.

"Leading organizations of every size in every industry trust the Microsoft cloud. We are accelerating our innovation across the cloud and edge so our customers can build the digital capability increasingly required to compete and grow," Microsoft CEO Satya Nadella said.

In aftermarket trading, Microsoft shares increased 2.45%.

Breaking the News / MD