Benzinga - by Adam Eckert, Benzinga Staff Writer.
Microsoft Corp (NASDAQ:MSFT) reported third-quarter financial results Thursday after the market close. Here’s a look at the key highlights from the quarter.
Microsoft Q3 Earnings: Microsoft’s third-quarter revenue increased 17% year-over-year to $61.9 billion, which beat the consensus estimate of $60.804 billion, according to Benzinga Pro. The tech giant reported quarterly earnings of $2.94 per share, which beat analyst estimates of $2.82 per share.
Microsoft has now beat analyst estimates on both the top and bottom lines in five consecutive quarters, according to earnings data from Benzinga Pro.
Productivity and Business Processes revenue was $19.6 billion, up 12% year-over-year, Intelligent Cloud revenue came in at $26.7 billion, up 21% year-over-year, and More Personal Computing revenue totaled $15.6 billion, up 17% year-over-year as Xbox content and services revenue increased 62%.
"Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry,” said Satya Nadella, chairman and CEO of Microsoft.
Microsoft said it returned $8.4 billion to shareholders in the form of share repurchases and dividends in the third quarter.
Microsoft did not provide an outlook in its earnings release. The company said it will provide forward guidance on its conference call, which is scheduled for 5:30 p.m. ET.
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MSFT Price Action: Microsoft shares were up 6.01% after hours at $421.96 at the time of publication, according to Benzinga Pro.
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