Microsoft on Tuesday reported earnings that easily topped expectations as the company continues to shift from a traditional software seller to a provider of cloud-based services.
Excluding certain items, the Redmond, Wash.-based company said it earned $5.5 billion, or 69 cents per share, on adjusted revenue of $22.6 billion. On that basis, the company had been expected to report per-share earnings of around 58 cents, according to Zacks, with analysts expecting revenue of around $22.1 billion, roughly flat from the prior year.
Including all items, per-share earnings would have come in at 39 cents per share, on revenue of $20.6 billion.
Read the whole story here:
http://www.recode.net/2016/7/19/12226280/microsoft-july-2016-earnings-report
Happy Reading,
J.W. Gant
Excluding certain items, the Redmond, Wash.-based company said it earned $5.5 billion, or 69 cents per share, on adjusted revenue of $22.6 billion. On that basis, the company had been expected to report per-share earnings of around 58 cents, according to Zacks, with analysts expecting revenue of around $22.1 billion, roughly flat from the prior year.
Including all items, per-share earnings would have come in at 39 cents per share, on revenue of $20.6 billion.
Read the whole story here:
http://www.recode.net/2016/7/19/12226280/microsoft-july-2016-earnings-report
Happy Reading,
J.W. Gant
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