Microsoft (MSFT) is set to report Q3 (Mar) results today after the close with a call to follow at 5:30pm ET.

The CapitalIQ consensus estimate for non-GAAP EPS is $1.78 and for revenue it's $40.85bln.

Here’s a breakdown of the Microsoft segments: Productivity and Business Processes (Office 365, LinkedIn, Dynamics 365, which are cloud-based ERP and CRM apps), Intelligent Cloud (Azure, SQL Server, Windows Server), and Personal Computing (Windows, Surface, Xbox).

MSFT guided MarQ segments as follows:

• Productivity and Business Processes (PBP) revenue of $13.35-13.60 bln.

• Intelligent Cloud (IC): $14.70-14.95 bln.

• More Personal Computing (MPC): $12.30-12.70 bln. Add all three together, we get total revenue of $40.35-41.25 bln

TECHS:

The stock is trading at an all time high going into the report.

MSFT is very consistent in terms of beating with 19 EPS beats in a row. They have also had double digit EPS beats in seven of the last eight quarters.

RESULTS:

Microsoft beats by $0.18, beats on revs; reports revs at high end or above in all three major segments; Azure rev growth of 50% yr/yr

Reports Q3 (Mar) earnings of $1.95 per share, excluding non-recurring items, $0.18 better than the S&P Capital IQ Consensus of $1.77; revenues rose 19.1% year/year to $41.71 bln vs the $40.83 bln S&P Capital IQ Consensus.

Co will guide for Q4 (Jun) on the call today, be sure to monitor Briefing.com InPlay for updates.

• Productivity and Business Processes segment revenue rose 15% yr/yr to $13.60 bln vs prior guidance of $13.35-13.60 bln and vs 13% growth in DecQ.

  • Office Commercial products and cloud services revenue increased 14% vs 11% in DecQ;

  • LinkedIn revenue rose 25% yr/yr vs 23% growth in DecQ; Dynamics products and cloud services rose 26% yr/yr vs 21% in DecQ; Dyanmics 365 revenue rose 45% yr/yr vs 39% growth in DecQ.

• Intelligent Cloud segment revenue rose 23% to $15.10 bln vs prior guidance of $14.70-14.95 bln and vs 23% growth in DecQ.

  • Server products and cloud services revenue increased 26% yr/yr vs 26% growth in DecQ, driven by Azure revenue growth of 50% yr/yr vs 50% growth in DecQ, 48% growth in SepQ and 47% growth in JunQ.

• More Personal Computing segment revenue rose 19% to $13.0 bln vs prior guidance of $12.3-12.7 bln and vs 14% growth in DecQ.

  • Windows OEM revenue rose 10% yr/yr vs 1% in DecQ; Windows Commercial products and cloud services revenue increased 10% yr/yr vs 10% growth in DecQ.

  • Xbox content and services revenue increased 34% yr/yr vs 40% growth in DecQ (holiday quarter).

  • Search advertising revenue excluding traffic acquisition costs rose 17% yr/yr vs 2% in DecQ.

  • Surface revenue increased 12% yr/yr vs 3% growth in DecQ.

"Over a year into the pandemic, digital adoption curves aren't slowing down. They're accelerating, and it's just the beginning."

"The Microsoft Cloud, with its end-to-end solutions, continues to provide compelling value to our customers generating $17.7 billion in commercial cloud revenue, up 33% yr/yr" vs 34% growth in DecQ.

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