Microsoft reported quarterly results that beat expectations, with earnings per share of $2.45 versus expectations of $2.23. The company's revenues reached $ 52.86 billion against expectations of $ 51.02 billion.
The company's total revenue rose 7 percent year-on-year in the quarter ended March 31, while net income at $18.30 billion rose 9 percent.
Microsoft's intelligent cloud business segment, which includes Azure Public Cloud, Enterprise Services, SQL Server, and Windows Server, generated 22.08 billion dollars in revenue. That's a 16 percent increase and higher than the consensus of $21.94 billion.
Source (Al Khaleej Emirati Newspaper, Edited)
