Page 32 - More Personal Computing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Earlier this week, Microsoft (Nasdaq: MSFT) announced its third quarter results that surpassed market expectations. The company continues to bank on its AI investments. Microsoft's Financials Microsoft's revenues grew 7% to $52.9 billion, ahead of the market's forecast of $51.1 billion. Adjusted EPS of $2.45 was also better than the estimated $2.23 for the quarter. For the quarter, revenues from the Intelligent Cloud segment that includes Azure grew 16% to $22.1 billion, ahead of the market's estimate of $21.9 billion. Azure sales grew 27% over the year, falling short of th...

For its fiscal third quarter, Microsoft reported earnings per share (EPS) of $2.45, topping the consensus projection of $2.23 per share

Redmond-based company exceeded analysts’ estimates, driven by its cloud computing and Office software businesses

Microsoft's growth accelerated from its prior quarter, led by its cloud growth.

Microsoft has releases its financial report for Q3 FY 2023, noting a 30% decline in Xbox revenue.