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Microsoft Q3 Earnings Reports Income Fell to $3.76 Billion

9:52 am on Apr 22, 2016 (gmt 0)

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Microsoft's Q3 earnings show that income fell to $3.76 Billion, from $4.99 billion a year ago.
It seems that sluggish PC sales are hitting the company, even though there's been an increase in its cloud business.

Microsoft Corp. today announced the following results for the quarter ended March 31, 2016:

· Revenue was $20.5 billion GAAP, and $22.1 billion non-GAAP

· Operating income was $5.3 billion GAAP, and $6.8 billion non-GAAP

· Net income was $3.8 billion GAAP, and $5.0 billion non-GAAP

· Earnings per share was $0.47 GAAP, and $0.62 non-GAAP

“Organizations using digital technology to transform and drive new growth increasingly choose Microsoft as a partner,” said Satya Nadella, chief executive officer at Microsoft. “As these organizations turn to us, we’re seeing momentum across Microsoft’s cloud services and with Windows 10.”


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