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.