2023-04-26 06:18:50 ET
Microsoft (NASDAQ: MSFT) delighted investors Tuesday afternoon as the tech giant delivered strong results in its fiscal third-quarter earnings report, even in a difficult environment.
The Windows maker executed where it mattered most. Overall revenue rose 7%, or 10% in constant currency, to $52.9 billion, better than estimates at $51 billion.
Microsoft also beat bottom-line estimates as earnings per share rose 10% to $2.45, topping the consensus at $2.23. Operating margin remained strong at 42%, and the stock jumped 9% in after-hours trading on those results and strong guidance.
For further details see:
Microsoft Is Flexing Its Muscles in Cloud and AI, and Investors Are Thrilled