Microsoft (MSFT) Tops Q3 EPS by 3c, Qtr Gaming Revs Up 4%, Office Cons. Product/Cloud Srvs. Revs Up 15%
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Go back to Microsoft (MSFT) Tops Q3 EPS by 3c, Qtr Gaming Revs Up 4%, Office Cons. Product/Cloud Srvs. Revs Up 15%
April 27, 2017 4:46 PM EDT
By Pushkala A and Stephen Nellis
(Reuters) - Microsoft Corp slightly missed Wall Street's average revenue estimate for the latest quarter on Thursday, as sales of its Surface tablets and laptops slumped in the face of revamped competition in the personal computer market.
Shares of the world's largest software company fell 0.6 percent to $67.85 in trading after the bell.
Under Chief Executive Satya Nadella, who took the helm in 2014, Microsoft has sharpened its focus on the fast-growing cloud computing unit to counter a prolonged slowdown in the PC market, which has weighed on demand for its Windows software.
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April 27, 2017 4:20 PM EDT
(Reuters) - Microsoft Corp (NASDAQ: MSFT) reported a 27.8 percent increase in quarterly profit on Thursday, lifted by robust demand for its cloud computing services.
The company's net income rose to $4.80 billion, or 61 cents per share, in the third quarter ended March 31, from $3.76 billion, or... More
