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<Results> Microsoft Corporation (MSFT.US) 3Q Earnings Beat; Azure Revenue Up 40%, Shares Fall 3% After Hours
Microsoft Corporation (MSFT.US) announced after market close on Wednesday that for its third fiscal quarter ended March, net profit rose 23% YoY to USD31.78 billion, with adjusted ...
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<Results> Microsoft Corporation (MSFT.US) 3Q Earnings Beat; Azure Revenue Up 40%, Shares Fall 3% After Hours
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Microsoft Corporation (MSFT.US)      announced after market close on Wednesday that for its third fiscal quarter ended March, net profit rose 23% YoY to USD31.78 billion, with adjusted EPS of USD4.27, beating market expectations of USD4.06. Following the results announcement, the stock fell about 3% in after-hours trading.

Quarterly revenue increased 18% YoY to USD82.89 billion, also above expectations of USD81.39 billion. Among segments, revenue from Azure and other cloud services surged 40%, slightly higher than the anticipated growth of about 39%. Total revenue from the Productivity and Business Processes segment reached USD35.01 billion, up 17% YoY, surpassing forecasts.

Related NewsDurable Goods Orders MoM for Mar in the United States is 0.8%, higher than the previous value of -1.4%. The forecast was 0.5%.
Capital expenditures and finance leases totaled USD31.9 billion during the period, up 49% YoY, but below market expectations of USD34.9 billion.

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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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