Are You Ready? Microsoft Corporation (NASDAQ:MSFT) declared that fiscal year 2017 third-quarter financial results.
Microsoft Corporation (NASDAQ:MSFT), raised 0.65%, and closed at $68.27, hitting new 52-week high of $68.38.
In the last trading session, Microsoft Corporation (NASDAQ:MSFT) price moved 12.94% above its 200 day moving average. The stock is currently trading 4.82% up its SMA 50. On Thursday Microsoft declared that fiscal year 2017 third-quarter financial results.
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Revenue was $22.1 billion GAAP, and $23.6 billion non-GAAP
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Operating income was $5.6 billion GAAP, and $7.1 billion non-GAAP
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Net income was $4.8 billion GAAP, and $5.7 billion non-GAAP
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Diluted earnings per share was $0.61 GAAP, and $0.73 non-GAAP
“Our results this quarter reflect the trust customers are placing in the Microsoft Cloud,” said Satya Nadella, chief executive officer at Microsoft. “From large multi-nationals to small and medium businesses to non-profits all over the world, organizations are using Microsoft’s cloud platforms to power their digital transformation.”
Microsoft returned $4.6 billion to shareholders in the form of share repurchases and dividends in the third quarter of fiscal year 2017.
“Strong execution and demand for our cloud-based services drove our commercial cloud annualized revenue run rate to more than $15.2 billion,” said Amy Hood, executive vice president and chief financial officer at Microsoft.
Revenue in Productivity and Business Processes was $8.0 billion and raised 22% (up 23% in constant currency), with the following business highlights:
- Office commercial products and cloud services revenue raised 7% (up 8% in constant currency) driven by Office 365 commercial revenue growth of 45% (up 45% in constant currency)
- Office consumer products and cloud services revenue raised 15% (up 14% in constant currency) and Office 365 consumer subscribers raised to 26.2 million
- Dynamics products and cloud services revenue raised 10% (up 11% in constant currency) driven by Dynamics 365 revenue growth of 81% (up 82% in constant currency)
- LinkedIn contributed revenue of $975 million
Revenue in Intelligent Cloud was $6.8 billion and raised 11% (up 12% in constant currency), with the following business highlights:
- Server products and cloud services revenue raised 15% (up 16% in constant currency) driven by Azure revenue growth of 93% (up 94% in constant currency)
- Enterprise Services revenue reduced 1% (unchanged in constant currency) with depreciates in custom support agreements offset by growth in Premier Support Services and consulting
On Thursday, the stock has price to sale ratio of 6.11, however, price to book ratio is 7.70. The stock has a 1-year performance up 37.55% and a positive weekly performance at 4.23%. Moreover, the stock is up 4.56% in one month through last close, to $68.27, showing a 6.87% return during the past three months.
The mean recommendation of analysts for this stock is 2.10. (where 1=Buy, 5=Sale).
Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 2.00as current ratio and on the opponent side the debt to equity ratio was 1.23 and long-term debt to equity ratio also remained 0.86. The Company had total cash at hand $15.99 and a book value per share as $8.87 in the most recent quarter. On the other hand the stock’s volatility for the week is 1.12%, and for the month is 1.01%.