00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Microsoft reported third-quarter adjusted earnings of $4.27 per share on revenue of $82.9 billion,
00:11surpassing street estimates of $4.06 per share and $81.39 billion, according to Benzinga Pro.
00:19Revenue rose 18% year over year.
00:23Productivity and business processes generated $35.0 billion,
00:27while Intelligent Cloud delivered $34.7 billion and More Personal Computing reported $13.2 billion.
00:37Microsoft Cloud Revenue reached $54.5 billion, up 29% year over year.
00:43Azure and other cloud services revenue increased 40%.
00:47Commercial remaining performance obligation totaled $627 billion, up 99% year over year.
00:56CEO Satya Nadella said the AI business reached a $37 billion annual revenue run rate, up 123%.
01:04Shares fell 1.3% in after-hours trading to $418.88.
01:11For all things money, visit Benzinga.com.
Comments