Microsoft (NASDAQ:MSFT)reported third quarter earnings , after the bell today, that beat street view.
On a GAAP basis, MSFT reported net income of $ 5.20 billion or 66 cents per share, compared with income of $ 5.02 billion or 62 cents per share, a year ago period.
Excluding items, the company announced adjusted earnings of $ 6.52 billion or 83 cents per share, where as analysts from Thomson Reuters expected $ 0.79 a share.
The company Total Revenue increased to $ 24.09 billion, Analysts from Thomson Reuters estimated $ 25.28 billion.
Satya Nadella, CEO, said that Our customers are seeing greater value and opportunity as we partner with them through their digital transformation, Accelerating advancements in AI across our platforms and services will provide further opportunity to drive growth in the Microsoft Cloud.
Microsoft Corporation, a technology company, develops, licenses, and supports software products, services, and devices worldwide. The companys Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, and Skype, as well as related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
Its Intelligent Cloud segment licenses server products and cloud services, such as SQL Server, Windows Server, Visual Studio, System Center, and related CALs, as well as Azure, a cloud platform with computing, networking, storage, database, and management services; and enterprise services, such as Premier Support and Microsoft Consulting that assist in developing, deploying, and managing Microsoft server and desktop solutions, as well as provide training and certification to developers and IT professionals on Microsoft products.