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Microsoft for 9 months of 2017-18 financial year decreased by 2.3 times

UNITED STATES (OBSERVATORY) –┬áNet profit of IT-giant Microsoft MSFT Corp. according to the results of the nine months of 2017-18 fiscal year, which ended on March 31, amounted to $ 7.698 billion, down 2.3 times year-on-year, the company’s report says.

Diluted earnings per share were $ 0.99 compared to $ 2.22 for the same period in the previous financial year. The company’s revenue increased by 13% – to 80.275 billion dollars.

The company’s net profit for the third quarter of fiscal year increased by 35% year-on-year, to 7.424 billion dollars. Diluted earnings per share were $ 0.95 versus $ 0.7 for the same period of the previous financial year. Analysts had expected the index at $ 0.7. Revenue for the reporting period increased by 15.5% – to 26.819 billion dollars.

“Thanks to consistent investments and good sales, we achieved better results than expected in all segments of the business this quarter, with revenue and operating profit growth of more than 10% in the quarter, driven by a 58% increase in cloud services revenue” , – are given in the release of the company of the words of executive vice president and chief financial officer Amy Hood (Amy Hood).

The American company Microsoft Corp was founded in 1975 by Bill Gates and Paul Allen. Headquartered in Redmond, Washington. The company specializes in software development – in particular, Microsoft is the developer of the Windows operating system.