In its third quarter of the 2015 financial year, Microsoft announced revenue up 6 percent to $21.73 billion, with a gross margin up 1 percent to $14.57 billion. Operating income declined 5 percent, however, to $6.60 billion, with earnings per share down 10 percent to $0.61. This beats estimates of around $21.06 billion revenue, and $0.51 earnings per share.
The increased revenue was attributed primarily to cloud and server software growth, with Office 365 continuing to expand, and Windows Server, System Center Server, and SQL Server in particular showing strong performance. Offsetting this was a sharp decline of Windows revenue to consumers, and smaller declines in corporate Windows and Office sales.
Microsoft said that a $190 million cost due to the continued restructuring and integration of Nokia's Devices and Services business reduced operating income, as did the continued strength of the US dollar.
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