Microsoft announced that its third-quarter profit as of the end of March was reported at $21.94 billion, an increase of 19.9% year-on-year; earnings per share recorded $2.94, versus an expected $2.83; revenue was reported at $61.9 billion, an increase of 17% year-on-year, and the expected was $60.88 billion.
After the news was announced, the stock price of the company rose more than 3% in the extended trading session after the US stock market on Thursday, and closed down 2.5% for the whole day.
Microsoft disclosed that the revenue from its overall commercial cloud services during the period was recorded at $35.1 billion, versus an expected $33.93 billion, reflecting that artificial intelligence (AI) has driven the growth of related businesses; the revenue from Azure cloud services rose by 31%, which was better than market expectations; in terms of sub-items, productivity and business revenue was reported at $19.57 billion, versus an expected $19.54 billion; smart cloud and personal computer revenue were respectively recorded at $26.71 billion and $15.58 billion, versus expected $26.25 billion and $15.07 billion.
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