Microsoft Releases Third Quarter Earnings With Segment Revenue Growth

This correlates with Gartner's smartphone statistics for the last quarter of a year ago, where it noted that Microsoft's Windows Phones only managed to claim 1.1% market share, and sold only 4.3 million phones.

Despite increased revenues and income, the company saw its shares fall after it missed earnings targets. Microsoft sold just 2.3 million Lumia phones during its latest quarter.

The company reported earnings of $3.8 billion, or 47 cents a share, for the third quarter on sales of $20.5 billion. "As these organizations turn to us, we're seeing momentum across Microsoft's cloud services and with Windows 10", said Nadella in a statement.

Revenue from its Surface line of PCs and tablets grew 61 percent year over year, adjusted for currency changes, while phone revenue was down 46 percent on a similar basis.

Surface revenue shot up 56% to $1.1 billion.

Microsoft Corporation (NASDAQ:MSFT) reported that enterprise adoption of its cloud-based Office 365 rose 57% in the March quarter.

Sunderland closes gap on Norwich in EPL relegation fightSunderland last beat Norwich in a Premier League meeting at the Stadium of Light in February 2012. Norwich began the game without defender Timm Klose, who has been a solid part of its defense.

In PBP category, Microsoft witnessed an increase of 1% in revenue reaching $6.5 billion but saw aa decline in operating profits which dropped 7%.

Further revenue growth was seen in dynamics products and cloud services which grew by 9% in constant currency year-over-year.

Those figures included a deferral of more than $1.5 billion in revenues related mostly to the July release of the new Windows 10 operating system, which represents a new model for how the company will distribute and update its flagship software.

Microsoft shares on Friday dropped 7.2%, their worst day in 15 months, as the software giant's third-quarter earnings missed estimates and faltering growth in cloud computing spooked investors. Microsoft accounted its search ad revenue growth to Windows 10 usage, noting that 35 percent of its search revenue in March was driven by Windows 10 devices.

Revenue in Microsoft's Intelligent Cloud segment, meanwhile, grew 3 per cent (u p 8 per cent in constant currency) to US$6.1 billion, with Microsoft stating Azure revenue grew 120 per cent in constant currency. "Companies from large established businesses to emerging start-ups are turning to our cloud solutions to help them move faster and generate new revenue".

First-quarter 2016: Xbox Live monthly active users grew 26% to 46 million.

Source: Microsoft Releases Third Quarter Earnings With Segment Revenue Growth