On Thursday, Microsoft announced their quarterly earnings, with earnings that beat expectations, but their revenues missed Wall Street consensus estimates.

It was reported that the company had $23.5 billion in revenue and earnings of $0.73 per share.  It was expected by financial analysts had expected $23.6 billion in revenue and earnings of $0.70.  Shares were down about 1.5 percent in after-hours trading.

This is the company’s three business segments and their respective revenues:

  • Productivity & Business Processes — $7.96 billion (up, driven by LinkedIn and Office 365)
  • Intelligent Cloud — $6.76 billion (up)
  • More Personal Computing — $8.84 billion (down)

LinkedIn contributed $975 million in revenue to Productivity & Business Processes.

The source of the revenues miss was from More Personal Computing, and was down 7 percent overall.  Surface revenue had been off by a whopping 26 percent.  Fortunately, Windows OEM did grow by 5 percent.  Search ad revenue was up by 8 percent.

More detail, including the earnings slides, available here.

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