Microsoft earnings: 84 cents a share vs 72 cents EPS expected

Microsoft earnings: 84 cents a share vs 72 cents EPS expected

Intelligent Cloud segment, which includes its Azure on-demand computing services, revenues increased 14 percent to $6.9 billion, with Azure revenues surging 90 percent. Wall Street's crack team of financial analysts expected the company to report revenue of about $23.56 billion and earnings per share of $0.72. Azure gross margins were a "key component" of the 8 percentage point improvement in commercial cloud services from the same period a year ago, Chief Financial Officer Amy Hood said. Office consumer products and cloud revenues rose 12%, while Dynamics products and cloud revenues rose 13%, including a 69% increase in Dynamics 365 revenue. That's in large part to the continued growth of Microsoft's cloud business.

Today, Microsoft released its quarterly earnings report. Year-to-date, MSFT has gained 29.21%, versus a 16.08% rise in the benchmark S&P 500 index during the same period.

Following the Microsoft FQ1 2018 earnings release, the company's stock surged in after-hours trades, climbing by as much as 2.51% to $80.74.

Microsoft returned $4.8 billion to shareholders during its first fiscal quarter through dividends and share buybacks.

To support its growing cloud business, Microsoft is doling out huge sums to build expensive data centers around the world.

Patriots linebacker Hightower to miss rest of season
A bunch of guys have to step up and kind of try to fill that role - and in this case, a bunch of different roles. Hightower made 13 starts last season, accounting for 65 combined tackles, 2.5 sacks and two passes defensed.

LinkedIn reported revenue of $1.1 billion in the previous quarter and it once again came in at exactly the same number.

Office consumer products and cloud services revenue increased by 12% (10% in CC), and there are now 28 million consumer Office 365 subscribers.

Overall, Microsoft posted $6.58 billion in net income, or 84 cents a share, compared with a profit of $5.67 billion, or 72 cents a share, a year ago.

Windows Phone is dead, the company's fitness-focused wristband has been axed and its streaming music service is no more, and Microsoft investors couldn't be happier with the company.

Gaming revenue was down 1 percent, as Microsoft prepares for the launch of the Xbox One X console on November 7. Windows OEM revenue was also up 4 percent and search advertising revenue increases 15 percent.

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