Microsoft reports Q3 EPS $2.45, consensus $2.23

Reports Q3 revenue $52.86B, consensus $51.02B. "The world’s most advanced AI models are coming together with the world’s most universal user interface – natural language – to create a new era of computing," said Satya Nadella, chairman and chief executive officer of Microsoft. "Across the Microsoft Cloud, we are the platform of choice to help customers get the most value out of their digital spend and innovate for this next generation of AI." Revenue in Productivity and Business Processes was $17.5 billion and increased 11% (up 15% in constant currency), revenue in Intelligent Cloud was $22.1 billion and increased 16% (up 19% in constant currency), and revenue in More Personal Computing was $13.3 billion and decreased 9% (down 7% in constant currency). Microsoft returned $9.7 billion to shareholders in the form of share repurchases and dividends in the third quarter of fiscal year 2023.