{"id":100503,"date":"2024-04-26T16:36:17","date_gmt":"2024-04-26T12:36:17","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=100503"},"modified":"2024-04-26T16:36:20","modified_gmt":"2024-04-26T12:36:20","slug":"microsoft-reports-revenues-of-more-than-61-billion","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/microsoft-reports-revenues-of-more-than-61-billion\/04\/26\/market-updates\/","title":{"rendered":"Microsoft reports revenues of more than $61 billion"},"content":{"rendered":"\n<p>Yesterday, Microsoft Corporation unveiled its third-quarter financial results, surpassing analysts&#8217; forecasts fueled by robust corporate demand for its cloud and artificial intelligence services.<\/p>\n\n\n\n<p>The tech giant reported earnings per share of approximately $2.94, exceeding the anticipated $2.82 per share. Similarly, Microsoft&#8217;s revenue climbed to $61.86 billion, surpassing expectations of around $60.80 billion.<\/p>\n\n\n\n<p>The company&#8217;s total revenue saw a 17% year-on-year increase for the quarter ending March 31. Net income surged to $21.94 billion, or $2.94 per share, compared to $18.30 billion, or $2.45 per share, during the same period last year.<\/p>\n\n\n\n<p>Microsoft highlighted the strong performance of its smart cloud segment, encompassing Azure, Windows Server, Nuance, and GitHub, which generated revenues of $26.71 billion, surpassing estimates of around $26.26 billion.<\/p>\n\n\n\n<p>In pre-market trading on Friday, Microsoft shares surged by 3.67%, or $14.66 per share, approaching the $413.70 per share mark.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday, Microsoft Corporation unveiled its third-quarter financial results, surpassing analysts&#8217; forecasts fueled by robust corporate demand for its cloud and artificial intelligence services. The tech giant reported earnings per share of approximately $2.94, exceeding the anticipated $2.82 per share. Similarly, Microsoft&#8217;s revenue climbed to $61.86 billion, surpassing expectations of around $60.80 billion. The company&#8217;s total &hellip;<\/p>\n","protected":false},"author":9,"featured_media":95209,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,39,36],"tags":[63,7987,7192,6885,6987,7564],"class_list":["post-100503","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-apple","tag-cpi-data","tag-dow","tag-fed","tag-inflation","tag-microsoft"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=100503"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100503\/revisions"}],"predecessor-version":[{"id":100504,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100503\/revisions\/100504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/95209"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=100503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=100503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=100503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}