Microsoft reports $7.4 billion net income in FY18 Q3, up 35% YoY, Cloud and commercial services surge


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Microsoft today released its earnings report for FY18 Q3. It as recorded a $26.8 billion revenue which is 16% up compared to same time last year. The company reported a $7.4 billion in net income with 35% YOY increase compared to the $5.5 billion in net income in 2017.

The company’s diluted earnings per share was $0.95 which is an increase of 36%, and the operating income was $8.3 billion with an increase of 23% YoY. This quarter witnessed growth in Microsoft’s cloud and commercial services. Office related consumer products and cloud services surge 12%, LinkedIn shows a 37% increase in revenue.

On the other hand, server products and cloud services revenue which are a part of the Microsoft’s Intelligent Cloud business grew 20%. Windows OEM revenue increased 4%, Surface increased 32%, gaming surged 18%. Search advertising revenue excluding traffic acquisition costs increased 16%, and this is driven by higher revenue per search and search volume.

Satya Nadella, chief executive officer of Microsoft, said:

Our results this quarter reflect the trust people and organizations are placing in the Microsoft Cloud. We are innovating across key growth categories of infrastructure, AI, productivity, and business applications to deliver differentiated value to customers.

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