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Microsoft's excellent quarter provides a good test for this sinking market

Microsoft CEO Satya Nadella attends the Viva Tech start-up and technology gathering in Paris on May 24, 2018.
Christophe Morin | IP3 | Getty Images

Microsoft (MSFT) reported better-than-expected results for its fiscal third quarter of 2022.

  • On the top line, total revenue of $49.4 billion (up 18% year over year) exceeded the consensus estimate on FactSet of $49.02 billion. 
  • Gross margins of 68.4% were slightly ahead of the 68.2% expectation and operating margins of 41.3% were slightly ahead of the 40.8% estimate. 
  • On the bottom line, Microsoft earnings per share of $2.22 (an increase of 9% year over year) exceeded estimates of $2.19.