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Microsoft earnings Q3 2018



The company's largest business segment, More Personal Computing – which includes Windows, Devices, Games and Search Ads – achieved revenue of $ 9.92 billion, an increase of 13 percent over the previous year. According to StreetAccount, the segment was above the FactSet consensus estimate of $ 9.25 billion.

The Productivity and Business Processes segment, which includes Office, LinkedIn and Dynamics, generated $ 9.01 billion in revenue, up 16.8 percent. StreetAccount's FactSet consensus estimate of 8.73 Billions of dollars

Microsoft's Intelligent Cloud segment, which includes server products and cloud services, grew by 1

7.3 percent, with revenues of $ 7.90 billion. Outperforming $ 7.68 billion for FactSet

In the third quarter of the fiscal year, Microsoft acquired data storage company Avere and start-up PlayFab and announced a major restructuring that would end Terry Myerson's exit, the boss of Windows and Devices, provided. The Windows and Device Group has been effectively split into the Expertens and Devices group (including Microsoft Office 365 and other productivity applications) and the Cloud and Artificial Intelligence Platform group (which includes infrastructure products such as Windows Server and the Azure cloud platform). added.

"We believe that the addition of Windows to the new Experiences and Devices department, led by a former Office Manager, will be a strong signal for Windows' supportive and non-leadership role in the coming years Emphasizing the hybrid cloud and [artificial intelligence]"Stifel analysts wrote under the baton of Brad Reback in a Sunday note.

But Windows remains the main revenue driver for Microsoft's More Personal Computing business. An indicator of Windows sales, IDC's PC shipments, was flat in the first quarter of 2018, but better than expected, the Stifel analysts write:

Intelligent Cloud includes public cloud Azure, which is competing with Amazon Web Services and Represents Microsoft's biggest growth driver overall. As usual, Microsoft did not report accurate sales for Azure, but revenue increased 93 percent year-over-year, down 98 percent from a year ago. Stifel analysts said they expected growth of just over 90 percent, while Kirk Materne analysts from Evercore ISI said on Sunday they were looking for 82 percent Azure growth.

The slowdown in Azure's revenue growth may have been a contributing factor, resulting in Microsoft's stock dropping immediately after announcing its profits, said Piper Jaffray analyst Alex Zukin.

Microsoft said that its "commercial cloud," which includes Azure, Office 365, Dynamics 365, and other cloud services, generated $ 6 billion in revenue, 58 percent more than in the prior year, and 13 percent sequentially in the third quarter [19659002] In the quarter, there were 30.6 million customers of Office 365 customers, compared to 29.2 million. On the commercial side of Office 365, sales increased 42 percent.

The Microsoft share has risen by 10 percent since the beginning of 2018.

This is the latest news. Please check back for updates.

– CNBC's Josh Lipton contributed to this story.


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