Microsoft beats analyst expectations for fiscal even as revenues remain all but flat, reaching $20.5 billion with exactly 0% Y-o-Y growth, results the company describes as "solid" and "broad-based."
In fact analysts forecast Microsoft revenues to total $20.39bn.
“This quarter’s results demonstrate the strength of our business, as well as the opportunities we see in a mobile-first, cloud-first world," CEO Satya Nadella says. We are making good progress in our consumer services like Bing and Office 365 Home, and our commercial customers continue to embrace our cloud solutions. Both position us well for long-term growth."
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