Microsoft (MSFT) Q3 earnings report 2023


Enterprises are consolidating around Microsoft, says D.A. Davidson's Gil Luria

Microsoft shares rose 9% in extended trading on Tuesday after the software maker issued fiscal third-quarter results and quarterly guidance that exceeded analysts’ predictions.

Here’s how the company did:

  • Earnings: $2.45 per share, vs. $2.23 per share as expected by analysts, according to Refinitiv.
  • Revenue: $52.86 billion, vs. $51.02 billion as expected by analysts, according to Refinitiv.

For the fiscal fourth quarter, Microsoft finance chief Amy Hood called for $54.85 billion to $55.85 billion in revenue, during a conference call with analysts. The middle of the range, at $55.35 billion, implies 6.7% growth, topping the $54.84 billion consensus among analysts surveyed by Refinitiv. Hood…

Source cnbc.com

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