From NBC Universal: 2024-04-25 18:40:52

Microsoft shares surged 5% in after-hours trading post-release of fiscal third-quarter results beating expectations. Revenue: $61.86 billion, exceeding the $60.80 billion consensus. Net income: $21.94 billion. FY Q4 guidance: $64 billion. Intelligent Cloud revenue: $26.71 billion, exceeding analyst expectations. Azure growth saw 31% increase. GitHub Copilot has 1.8 million paid subscribers. Productivity and Business Processes revenue: $19.57 billion. More Personal Computing revenue: $15.58 billion, boosted by Xbox content and services revenue growth of 62%. PC shipments grew 0.9%. Surface PCs launched with dedicated Copilot key. Mustafa Suleyman, former CEO of Inflection, to lead new Microsoft AI group. Exclude after-hours activity, Microsoft stock is up 6% this year.



Read more at NBC Universal:: Microsoft (MSFT) Q3 earnings 2024