Microsoft Reports $4.8 Billion in Net Income for Q3 Fiscal Year 2017
CEO attributes success to customer trust in the Microsoft Cloud.
Last Thursday Microsoft (NASDAQ: MSFT) reported its third quarter financials for fiscal year 2017 for the period ended March 31, 2017. The company reported revenue of $22.1 billion GAAP, operating income of $5.6 billion GAAP, net income of $4.8 billion GAAP, diluted earnings per share of $0.61 GAAP, and a commercial cloud annualized revenue run rate over $15.2 billion. Microsoft returned $4.6 billion to shareholders in the form of share repurchases and dividends in the…
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