Microsoft Corporation (NASDAQ:MSFT) announced third-quarter financial results on Wednesday after market close.

Here are the key highlights.

Microsoft Q3 Earnings

Microsoft reported third-quarter revenue of $82.9 billion, up 18% year-over-year. The revenue total beat a Street consensus estimate of $81.39 billion according to data from Benzinga Pro.

The company reported quarterly earnings of $4.27 per share, beating a Street consensus estimate of $4.06 per share.

Here’s a look at Microsoft’s revenue by reporting segment:

Productivity and Business Processes: $35.0 billion, +17% year-over-year

Intelligent Cloud: $34.7 billion, +30% year-over-year

More Personal Computing: $13.2 billion, -1% year-over-year

Overall Microsoft Cloud revenue was $54.5 billion, up 29% year-over-year. The company said its ...