Microsoft Beats Estimates On New Products
Microsoft reported its 3rd quarter results tonight, beating analyst estimates with stronger sales in cloud services, tablets, and software. Windows sales were soft during the period. Revenue beat estimates at $21.7 million, an improvement of 6% when compared to the same quarter last year. Earnings beat by 10 cents, coming in at 61 cents a share.
Microsoft touted its cloud services as evidence that companies are moving away from server based technologies to its cloud products. Satya Nadella, Microsoft CEO, also mentioned the upcoming Build developers conference as something we should look forward to, to see more cloud products from the company.
Windows 10 was recently showcased as a product that can stretch across the PC to the cloud and tablet devices. The company isn’t as focused on its popular operating system as PC sales continue to be soft with less consumers updating computers in favor of purchasing new phones and tablets.
Other areas of growth including XBox Live usage, Bing advertising revenue and subscriptions to Office 365.
Nightly Business Report — April 23, 2015