Microsoft: Cloud revenue at $23.4 billion in Q3, up 32 percent

Credit: Microsoft

Revenues were strong across Microsoft's three product categories: Productivity and Business Processes (Office, LinkedIn, and Dynamics); Intelligent Cloud (server products and cloud services); and More Personal Computing (Windows, Xbox, Search, and Surface). Microsoft 365 consumer subscribers grew 16 percent to 58.4 million. Office 365 Commercial subscriber seat growth was up 16 percent year-over-year. Last Q3, O365 commercial paid seats hit 300 million.

More Microsoft

• Microsoft 365 Copilot is available for purchase. Here's what to know
• How to screen record in Windows 10 or Windows 11
• The best Windows laptop models: Comparing Dell, Samsung, Lenovo, and more
• Microsoft is still paying for its mobile mistakes 10 years later

Microsoft officials attributed the solid earnings to stronger-than-expected sales execution; commercial bookings from new, renewal, and large customers being significantly ahead of expectations; and growth in big,  longer-term Azure contracts in spite of a strong prior-year comparable. There was little impact so far from its $19.7 billion Nuance acquisition, which closed in March. Going forward, Nuance's financials will be part of the Intelligent Cloud server and services segment.

SMART Global fiscal Q2 results, outlook top expectations Adobe shares sag as outlook misses expectations Micron stock jumps as fiscal Q2 results, outlook top expectations Oracle shares rebound, fiscal Q4 view tops expectations PagerDuty stock surges as fiscal Q4 revenue, forecast top expectations DocuSign shares plunge, Q1 and year views miss expectations Crowdstrike reports Q4 revenue of $431 million and $1.45 billion for full year Broadcom shares jump as fiscal Q1 results, outlook top expectations SMART Global fiscal Q2 results, outlook top expectations

Adobe shares sag as outlook misses expectations

Micron stock jumps as fiscal Q2 results, outlook top expectations

Oracle shares rebound, fiscal Q4 view tops expectations

PagerDuty stock surges as fiscal Q4 revenue, forecast top expectations

DocuSign shares plunge, Q1 and year views miss expectations

Crowdstrike reports Q4 revenue of $431 million and $1.45 billion for full year

Broadcom shares jump as fiscal Q1 results, outlook top expectations

Editorial standards Show Comments