Sales and Eps Grew in Double Digits

Company reported double digit Sales and earnings growth in the third quarter 2020. Sales were at $35.02 billions up by 14.56 % year on year and decreased by -5.11 % quarter on quarter, while earnings were up by 22.81 % to $1.40, sequentially eps decreased by -7.28 %.


Only one section improved Intelligent Cloud +7.62%, while following segments recorded decrease in revenues Productivity Business Processes -2.84%, More Personal Computing -16.51%.
Intelligent Cloud segment with 13.96% is solely responsible for the income gain, Microsoft Corporation continued, while company logged declining profits in Productivity Processes -6.98%, More Personal Computing -3.52%. Earnings grew 22.06 % to $10,752.000 millions for the third quarter 2020, compare to income of $8,809.000 millions achieved a year before. Microsoft Corporation also emphasized it's improving profit margins, where net margin rose to 30.7% in third quarter 2020, and operating margin edged up to 37.05%.


Microsoft Corporation is expected to report next financial results on July 20, 2020.