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published in Blogs
Apr 27, 2022
Microsoft (MSFT, $270.22) fiscal Q3 earnings beats Zacks Consensus

Microsoft (MSFT, $270.22) fiscal Q3 earnings beats Zacks Consensus

Microsoft posted its third-quarter fiscal 2022 earnings, which rose +9.4% from the year-ago quarter to  $2.22 per share, surpassing the Zacks Consensus Estimate by 1.83%.

Revenues of $49.360 billion increased +18.4% year over year and exceeded the Zacks Consensus Estimate by 0.81%. On a non-GAAP basis and at constant currency (cc), revenues rose +21% year over year. Adverse forex movement hurt revenues by $302 million in the quarter.

Revenue from the Productivity & Business Processes segment, which includes the Office and Dynamics CRM businesses, increased 16.5% (up 19% at cc) on a year-over-year basis to $15.79 billion.

Office Commercial products and cloud services segment revenue rose 12% (up 14% at cc) on a year-over-year basis.

Office 365 commercial revenues climbed +17% year-over-year (up 20% at cc), on the back of Office 365 Commercial seat growth of 16%.

Enterprise service revenues rose 8% (up 7% at cc) driven by  growth in Enterprise Support Services. 

More Personal Computing segment, which primarily includes Windows, Gaming, Devices and Search businesses, were up 11.4% (same percentage at cc) year over year to $14.520 billion, on the back of strength in gaming and Windows OEM.

Related Tickers: MSFT