Microsoft FY18 Q3 earnings: $26.8 billion on cloud and Office growth
Revenues for Microsoft's third quarter hit $26.8 backed once again by solid cloud growth.
Microsoft today released its earnings report for FY18 Q3, showing revenues of $26.8 billion and $7.4 billion in net income. That's up from the same period a year ago, during which Microsoft brought in $23.2 billion in revenue and $5.5 billion in net income.
Here are the highlights from this quarter's release:
- Revenue was $26.8 billion and increased 16%
- Operating income was $8.3 billion and increased 23%
- Net income was $7.4 billion and increased 35%
- Diluted earnings per share was $0.95 and increased 36%
As usual, Microsoft will hold a conference call and webcast at 2:30 p.m. PT / 5:30 p.m. ET on its investor site to discuss the earnings.
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