Microsoft (MSFT) Tops Q3 EPS by 11c
Get Alerts MSFT Hot Sheet
EPS Growth %: +15.1%
Financial Fact:
Revenue: 20.45B
Today's EPS Names:
SFST, VLTO, CLIR, More
Join SI Premium – FREE
(Updated - April 23, 2015 4:11 PM EDT)
Microsoft (NASDAQ: MSFT) reported Q3 EPS of $0.62, $0.11 better than the analyst estimate of $0.51. Revenue for the quarter came in at $20.4 billion versus the consensus estimate of $21.06 billion.
Devices and Consumer revenue grew 8% (up 11% in constant currency) to $9.0 billion, with the following business highlights:
· Office 365 Consumer subscribers increased to over 12.4 million, up 35% sequentially
· Windows OEM Pro revenue declined 19%, as Pro mix returned to pre-Windows XP end-of-support levels and the business PC market declined
· Windows OEM non-Pro revenue declined 26%, primarily due to channel inventory drawdown and ongoing mix shift to opening price point devices
· Search advertising revenue grew 21% (up 24% in constant currency), with Bing U.S. market share at 20.1%, up 150 basis points over prior year
· Xbox Live usage grew over 30%, driven by increased users and deeper user engagement
· Surface revenue of $713 million, up 44% (up 53% in constant currency) driven by Surface Pro 3
· Phone Hardware revenue of $1.4 billion, with 8.6 million Lumia units sold
Commercial revenue grew 5% (up 7% in constant currency) to $12.8 billion, with the following business highlights:
· Commercial cloud revenue grew 106% (up 111% in constant currency) driven by Office 365, Azure and Dynamics CRM Online, and is now on an annualized revenue run rate of $6.3 billion
· Server products and services revenue grew 12% (up 16% in constant currency), with premium versions of Windows Server, System Center Server and SQL Server together growing 25%
· Office Commercial products and services revenue declined 2% (up 1% in constant currency); transactional revenue was impacted by the continued transition to Office 365 and declines in business PC sales following the XP refresh cycle
· Windows volume licensing revenue declined 2% (up 1% in constant currency), with transactional revenue declining following the XP refresh cycle partially offset by annuity revenue growth
For earnings history and earnings-related data on Microsoft (MSFT) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Spotify (SPOT) jumps 10% as Q1 revenue, gross margins beat Street's estimates
- Kiniksa Pharmaceuticals, Ltd. (KNSA) Misses Q1 EPS by 11c; raises guidance
- NextEra Energy (NEE) Tops Q1 EPS by 16c, provides guidance
Create E-mail Alert Related Categories
Corporate News, Earnings, Hot Earnings, Hot ListRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!