Microsoft: coronavirus had minimal yenue in Q3 April 29, 2020

Yahoo Finance ^ | April 29 2020 | Yahoo Finance Video

[SmokingJoe]

Microsoft beat on both top and bottom lines on revenue and earnings per share in its third quarter earnings report. The company noted that it saw a minimum net impact on total company revenue amid the coronavirus outbreak as cloud usage and demand increased. Yahoo Finance’s Myles Udland breaks down Microsoft’s earnings report. Video Transcript

JEN ROGERS: Let's head to Seana Smith. She's got the breaking news on Microsoft's earnings. Seana.

SEANA SMITH: Hey there, Jen. So it looks like Microsoft beat on both the top and bottom lines here for their fiscal third quarter-- coming in revenue at $35.02 billion. The estimate on the Street was $33.69 billion. Earnings per share also topping expectations at $1.40 a share-- the estimate from the Street was $1.20. Some commentary here just in terms of the impact that coronavirus has had on Microsoft-- or lack thereof, I should say so far-- the company saying they have had a minimal net impact on total company revenue here for the quarter from coronavirus.

They also went on to say that cloud usage increased in some segments. They also mentioned that they did see a slowdown in transactional licensing in the final weeks of the quarter. Drilling down into some of Microsoft's closely watched segments, their intelligent cloud division reporting revenue of $12.28 billion. Their more personal computing division, revenue there at $11 billion. And Microsoft also saying that this division did benefit from an increase in demand during the quarter. Microsoft also reporting that their product revenue coming in at $15.87 billion. But again, headline numbers for Microsoft-- beating on both the top and bottom lines for revenue and earnings per share.

[SmokingJoe]

No surprise there. Leading cloud computing firms lke Amazon, Microsoft and Google were always going to make money from mass shutdowns cause a lot of people have been forced to work from home.

[ifinnegan]

Is yenue good or bad?

[Leaning Right]

> Is yenue good or bad? <

It’s a secret Microsoft word that was first used back in the 1990s:

Poster on Microsoft’s website: What are you going to do about the Blue Screen of Death?
Microsoft’s response: Yenue.

[Bommer]

Well yeah. Gates operating system loves viruses!

[circlecity]

First you lose money yenue make money.

[SmokingJoe]

Revenue : $35.02 billion.
Expected revenue : $33.69 billion.

Earnings per share : $1.40
Expected earnings per share : $1.20.

So they beat on both revenue and earnings.
Also, the stock is trading not too far from 52 week highs.

52 week high : 190.70
Today's share price : 179
Market cap : $1.363 Trillion.

[Scrambler Bob]

10,000 Yenues = 1 Covfefe on a good day.