Microsoft reported strong quarterly results


The financial results of the world's largest software maker Microsoft in the third fiscal quarter ended March 31 were higher than market forecasts. The company recorded net profit growth of 18.7% from the same period of the previous year to $8 billion 809 million. Earnings per share were at the level of 1 dollar 14 cents versus economists estimate of 1 dollar per share. Revenue in the amount of 30 billion 571 million dollars indicated an annual growth of 14%. Economists had expected a figure of 29 billion 880 million dollars. In the area of commercial cloud services, an increase of 41% was recorded due to increased demand for cloud services. Productivity and Business Process revenue increased by 14%. Microsoft shares rose sharply after quarterly reporting. Its capitalization is close to 1 trillion dollars, amounting to 962 billion 400 million dollars.

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