Microsoft slumps as its results aren’t as impressive as expected


0
1 share
Microsoft slumps as its results arent as impressive as
Microsoft slumps as its results aren’t as impressive as expected August 21, 2018. REUTERS/Carlo Allegri

Microsoft (NASDAQ: MSFT) traded weakly on Wednesday. The company’s March quarter results were not impressed by many.

Since the outbreak, the stock has gained more than 70% despite being worth more than $1 trillion. At the close on Monday, it was trading at 35 times its 2020 earnings.

Results showed growth across all segments of the company, including the Windows platform, cloud services, LinkedIn, Xbox, Search, and Surface.

On the same day, Alphabet’s (NASDAQ: GOOGL) results showed a 34% increase in revenue to $55.31 billion. Microsoft revenue was $41.7 billion in the quarter to March, up 19% from the same period last year. Xbox revenue also grew 34%.

Net income increased 44% to $15.5 billion. Its earnings per diluted share rose 45% to $2.03.

LinkedIn revenue rose 25%. Advertising revenue on the social media platform for online business and professionals for the full year exceeded $3 billion.

Server products and cloud services revenue increased by 26% thanks to a 50% growth in Azure revenue.

READ  Motorola Moto G100 introduced! Here are the price and features

Like it? Share with your friends!

0
1 share

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
Becks

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x