Microsoft Q3 2020 earnings and revenue outperform with 'minimal net impact' of COVID-19

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Microsoft reported Q3 2020 revenue of $35.0 billion with net income of $10.8 billion and earnings per share of $1.40, beating estimates.

COVID-19 had a “minimal net impact on the total company revenue,” according to a company announcement.

Azure revenue grew 59% within an overall 27% growth in Intelligent Cloud segment revue to $12.3 billiion.