Microsoft Cloud Growth Drives Strong Q3 FY2019 Results
Earnings and revenue beat estimates, boosting stock value slightly
On Wednesday, Microsoft (NASDAQ: MSFT) reported strong third quarter results, driven by cloud growth, for fiscal year 2019 for the period ended March 31, 2019. Total revenue for the quarter was $30.6 billion, a 14% increase year-over-year. Other highlights include operating income of $10.3 billion, a 25% increase year-over-year, and net income of $8.8 billion, a 19% increase year-over-year, or diluted earnings per share of $1.14, representing a 20% year-over-year increase.
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