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Microsoft beats Q3 estimates; reports Azure, Office 365 strength

Microsoft Earnings: What to Look For

Overall, the Redmond, Washington-based software maker's revenue rose 16 per cent to US$26.82 billion, ahead of expectations of US$25.77 billion.

Microsoft said LinkedIn, the professional social network it recently acquired, saw revenues up 37 percent from a year ago.

"Microsoft on the heels of Azure is gaining further steam in this massive secular cloud shift, and the results speak to that", said Daniel Ives at research firm GBH Insights.

"We delivered double-digit revenue and operating income growth driven by 58% growth in our commercial cloud revenue". "We are innovating across key growth categories of infrastructure, AI (artificial intelligence), productivity, and business applications to deliver differentiated value to customers".

Its Intelligent Cloud business, including the Azure cloud-computing service and server programs such as SQL Server, saw sales surge 17% to $7.896 billion. And they got them: Microsoft's cloud businesses posted huge growth for the quarter.

There were 30.6 million Office 365 consumer subscribers in the quarter, up sequentially from 29.2 million.

Korea talks may break deadlock but increase pressure on United States president
Kim and Moon then saluted an honour guard and military band, and Moon introduced Kim to South Korean government officials. Ultimately, the two countries agreed to reduce their over-supply of medium-range and long-range nuclear missiles.

In the fiscal third quarter Microsoft acquired data storage company Avere and gaming start-up PlayFab, and it announced a major reorganization that included the departure of Windows and Devices chief Terry Myerson from the company.

The consensus estimate for the company's 2018 fourth fiscal quarter calls for EPS of $1.00 on revenues of $28.01 billion.

Shares in Microsoft were little changed in after-hours trade despite the stronger-than-expected results.

But Windows remains the main revenue contributor for Microsoft's More Personal Computing business segment.

Microsoft also saw an 18 percent in gaming revenue from its Xbox software and services, and a 32 percent rise from its Surface devices.

Microsoft shares, which are up nearly 40 per cent over the past year, rose slightly after closing 2.1 per cent higher at US$94.26.

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