Microsoft reports third-quarter earnings, beat Wall Street estimates - Business Insider

Microsoft reported third-quarter earnings on Wednesday, beating analyst expectations as it reported $35 billion in revenue and $10.8 billion in net income.Cloud usage increased related to the crisis, Microsoft said, while there was a "slowdown in transactional licensing, particularly in small and medium businesses, and a reduction in advertising spend in LinkedIn."

Microsoft's overall commercial cloud business – which includes Microsoft's Azure cloud computing platform, Office 365 and other cloud services – reached $13.3 billion in sales for the quarter, up 39 percent year over year. Microsoft said Azure revenue grew 59 percent compared to the same quarter last year, but the company doesn't report actual revenue figures for the platform.

Cool earns

King_Thatso

stoolpresidente

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks set to rise as Wall Street jumps on lockdown easing hopesAsian stocks were set for gains on Tuesday after a strong Wall Street session as easing lockdown restrictions by some countries and U.S. states buoyed sentiment, despite another decline in oil prices. NEW: Canada reports 1,605 new cases of coronavirus and 147 new deaths. A total of 48,500 cases and 2,707 deaths. Cut China from The US financial system. Expel Chinese students. No Chinese tourist visas. 100% tariffs on Chinese goods. Sanctions and assets frozen.
Source: Reuters - 🏆 2. / 97 Read more »