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Microsoft reports $23.5 billion in revenue but misses Wall Street expectations
Microsoft announced quarterly earnings Thursday afternoon, with earnings that beat expectations, while revenues just missed Wall Street consensus estimates.
The company reported $23.5 billion in revenue and earnings of $0.73 per share. Financial analysts had expected $23.6 billion in revenue and earnings of $0.70. Shares were down roughly 1.5 percent in after-hours trading.
Here are the company’s three business segments and their respective revenues:
- Productivity & Business Processes — $7.96 billion (up, driven by LinkedIn and Office 365)
- Intelligent Cloud — $6.76 billion (up)
- More Personal Computing — $8.84 billion (down)
LinkedIn contributed $975 million in revenue to Productivity & Business Processes.
More Personal Computing was the source of the revenues miss and was down 7 percent overall. In particular, Surface revenue was off a surprising 26 percent. However, Windows OEM revenue grew 5 percent. Search ad revenue was up 8 percent.
More detail, including the earnings slides, available here.
From our sponsors: Microsoft reports $23.5 billion in revenue but misses Wall Street expectations
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