MSFT Stock | Microsoft Q3 2019 Earnings Call
Microsoft Corporation (NASDAQ: MSFT) topped revenue and earnings estimates for the third quarter of 2019, giving shares a lift of 3% during aftermarket hours on Wednesday. The consensus estimate was for earnings of $1 per share on revenue of $29.83 billion.
Revenues grew 14% year-over-year to $30.6 billion. Net income rose 19% to $8.8 billion and diluted EPS grew 20% to $1.14.
?Demand for our cloud offerings drove commercial cloud revenue to $9.6 billion this quarter, up 41% year-over-year. We continue to drive growth in revenue and operating income with consistent execution from our sales teams and partners and targeted strategic investments,? stated Amy Hood, EVP and CFO of Microsoft.