Microsoft reports $29.1 billion revenue with 19% YoY growth in Q3 2018, Office products grow 16%

Microsoft has announced third-quarter results ended on 30th September 2018. When compared to the last fiscal year, the revenue is increased by 19% resulting in $29.1 billion, operating income is $10.0 billion with an increase of 29%, the net income was $8.8 billion with 34% increase, and the diluted earnings per share was $1.14 and increased 36%. Microsoft returned $6.1 billion to shareholders in the form of dividends and share repurchases in the first quarter of the fiscal year 2019, an increase of 27% compared to the first quarter of the fiscal year 2018. The revenue in Productivity and Business Processes was $9.8 billion with an increase of 19%. The Office commercial products and cloud services revenue increased 17% driven by Office 365 commercial revenue growth of 36%. Office consumer products and cloud services revenue increased 16% with continued growth in Office 365 consumer subscribers to 32.5 million. LinkedIn revenue increased 33% with record levels of engagement with 34% session growth. Dynamics products and cloud services revenue increased by 20% driven by Dynamics 365 revenue growth of 51%. Revenue in Intelligent Cloud was $8.6 billion and increased by 24%. Windows OEM revenue increased 3% driven by OEM Pro revenue growth of 8%. The Windows commercial ...