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Microsoft (MSFT) Tops Q4 Estimates, Intelligent Cloud Revenue Up 23%
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Microsoft (MSFT - Free Report) just released its Q4 and fiscal 2018 financial results, posting adjusted earnings of $1.13 per share and revenues of $30.09 billion.
Microsoft is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Microsoft are up 42% over the last year and nearly 14% during the last 12 weeks. However, MSFT saw its stock price dip 0.68% on Thursday to hit $104.40 per share prior to the release of its quarterly earnings results.
Microsoft stock is currently up 0.53% to $104.95 per share in after-hours trading shortly after its earnings report was released.
MSFT:
Beat earnings estimates. The company posted adjusted earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.07 per share. Investors should note that this consensus projection trended downward over the last 30 days.
Beat revenue estimates. The company saw revenue figures of $30.09 billion, topping our consensus estimate of $29.21 billion.
Microsoft's quarterly revenues jumped roughly 17% from the year-ago period. Microsoft’s Intelligent Cloud unit revenues surged by 23% to hit $9.6 billion, which topped our NFM estimate of $9.08 billion. The company’s vital Azure revenues skyrocketed by 89%.
More Personal Computing climbed 17% to $10.8 billion, while Productivity & Business Processes popped by 13% to touch $9.7 billion.
For the full-year, Microsoft’s revenues jumped 14% to $110.4 billion, topping our $109.41 billion estimate. The firm’s adjusted fiscal 2018 earnings also topped our $3.84 per share estimate at $3.88 per share.
“Exceptional sales execution delivered double-digit revenue growth across all segments and strong progress against our strategic priorities, anchored by commercial cloud revenue growing 53% year-over-year to $6.9 billion,” CFO Amy Hood said in a statement.
Here’s a graph that looks at MSFT’s Price, Consensus and EPS Surprise history:
Microsoft Corporation Price, Consensus and EPS Surprise
Check back later for our full analysis on MSFT’s earnings report!
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It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Microsoft (MSFT) Tops Q4 Estimates, Intelligent Cloud Revenue Up 23%
Microsoft (MSFT - Free Report) just released its Q4 and fiscal 2018 financial results, posting adjusted earnings of $1.13 per share and revenues of $30.09 billion.
Microsoft is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Microsoft are up 42% over the last year and nearly 14% during the last 12 weeks. However, MSFT saw its stock price dip 0.68% on Thursday to hit $104.40 per share prior to the release of its quarterly earnings results.
Microsoft stock is currently up 0.53% to $104.95 per share in after-hours trading shortly after its earnings report was released.
MSFT:
Beat earnings estimates. The company posted adjusted earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.07 per share. Investors should note that this consensus projection trended downward over the last 30 days.
Beat revenue estimates. The company saw revenue figures of $30.09 billion, topping our consensus estimate of $29.21 billion.
Microsoft's quarterly revenues jumped roughly 17% from the year-ago period. Microsoft’s Intelligent Cloud unit revenues surged by 23% to hit $9.6 billion, which topped our NFM estimate of $9.08 billion. The company’s vital Azure revenues skyrocketed by 89%.
More Personal Computing climbed 17% to $10.8 billion, while Productivity & Business Processes popped by 13% to touch $9.7 billion.
For the full-year, Microsoft’s revenues jumped 14% to $110.4 billion, topping our $109.41 billion estimate. The firm’s adjusted fiscal 2018 earnings also topped our $3.84 per share estimate at $3.88 per share.
“Exceptional sales execution delivered double-digit revenue growth across all segments and strong progress against our strategic priorities, anchored by commercial cloud revenue growing 53% year-over-year to $6.9 billion,” CFO Amy Hood said in a statement.
Here’s a graph that looks at MSFT’s Price, Consensus and EPS Surprise history:
Microsoft Corporation Price, Consensus and EPS Surprise
Microsoft Corporation Price, Consensus and EPS Surprise | Microsoft Corporation Quote
Check back later for our full analysis on MSFT’s earnings report!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>