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Microsoft (MSFT) Posts Q1 Earnings Beat Behind Strong Cloud Growth
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Microsoft (MSFT - Free Report) just released its first-quarter fiscal 2017 earnings results, posting earnings of $0.76 per share and revenue of $22.334 billion.
Currently, MSFT has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Microsoft:
Beat earnings estimates. The company posted earnings of $0.76 per share, beating Wall Street expectations by eight cents.
Beat revenue estimates. The company saw revenue figures of $22.334 billion, beating our estimate of $21.536 billion.
Revenues from Microsoft’s Productivity and Business Processes unit grew 6% to $6.7 billion. This growth was boosted by gains in Office commercial products and cloud services, Office consumer products and cloud services, and Dynamics products and cloud services.
Revenues from Microsoft’s Intelligent Cloud unit grew 8% to $6.4 billion. Growth in this division was primarily backed by revenues from its Azure cloud platform growing 116%.
MSFT was up 5.47% to $60.38 as of 4:26 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Microsoft’s latest earnings performance:
Microsoft is a technology company. Their products include operating systems for computing devices, servers, phones, and other intelligent devices; server applications for distributed computing environments; cross-device productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. They also design and sell hardware including PCs, tablets, gaming and entertainment consoles, phones, other intelligent devices, and related accessories.
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Microsoft (MSFT) Posts Q1 Earnings Beat Behind Strong Cloud Growth
Microsoft (MSFT - Free Report) just released its first-quarter fiscal 2017 earnings results, posting earnings of $0.76 per share and revenue of $22.334 billion.
Currently, MSFT has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Microsoft:
Beat earnings estimates. The company posted earnings of $0.76 per share, beating Wall Street expectations by eight cents.
Beat revenue estimates. The company saw revenue figures of $22.334 billion, beating our estimate of $21.536 billion.
Revenues from Microsoft’s Productivity and Business Processes unit grew 6% to $6.7 billion. This growth was boosted by gains in Office commercial products and cloud services, Office consumer products and cloud services, and Dynamics products and cloud services.
Revenues from Microsoft’s Intelligent Cloud unit grew 8% to $6.4 billion. Growth in this division was primarily backed by revenues from its Azure cloud platform growing 116%.
MSFT was up 5.47% to $60.38 as of 4:26 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Microsoft’s latest earnings performance:
MICROSOFT CORP Price, Consensus and EPS Surprise
MICROSOFT CORP Price, Consensus and EPS Surprise | MICROSOFT CORP Quote
Microsoft is a technology company. Their products include operating systems for computing devices, servers, phones, and other intelligent devices; server applications for distributed computing environments; cross-device productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. They also design and sell hardware including PCs, tablets, gaming and entertainment consoles, phones, other intelligent devices, and related accessories.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now>>