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Microsoft (MSFT) Reports Earnings Beat, Azure Revenue Soars 98%
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Microsoft Corporation (MSFT - Free Report) just released its fiscal second-quarter financial results, posting adjusted earnings of 96 cents per share and revenues of $28.9 billion.
Currently, MSFT is a Zacks Rank #3 (Hold) and is down 2.01% to $93.10 per share in trading shortly after its earnings report was released.
Microsoft:
Beat earnings estimates. The company posted adjusted earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.86 per share. Factoring in a $13.8 billion charge related to U.S. tax reform, Microsoft witnessed a loss of $0.82 per share.
Beat revenue estimates. The company saw revenue figures of $28.92 billion, beating our consensus estimate of $28.35 billion.
Total revenue was up 12% year-over-year. Productivity and Business Processes revenue gained 25% to touch $9.0 billion, with LinkedIn contributing $1.3 billion. Intelligent Cloud revenues were $7.8 billion, up about 15%. Azure revenue grew 98%. Meanwhile, More Personal Computing revenues were $12.2 billion, which represents growth of about 2%.
“This quarter’s results speak to the differentiated value we are delivering to customers across our productivity solutions and as the hybrid cloud provider of choice,” said Satya Nadella. “Our investments in IoT, data, and AI services across cloud and the edge position us to further accelerate growth.”
Here’s a graph that looks at Microsoft’s recent earnings performance:
Microsoft Corporation Price, Consensus and EPS Surprise
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. They offer cloud-based solutions that provide customers with software, services, platforms, and content.
Check back later for our full analysis on Microsoft’s earnings report!
Want more analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Microsoft (MSFT) Reports Earnings Beat, Azure Revenue Soars 98%
Microsoft Corporation (MSFT - Free Report) just released its fiscal second-quarter financial results, posting adjusted earnings of 96 cents per share and revenues of $28.9 billion.
Currently, MSFT is a Zacks Rank #3 (Hold) and is down 2.01% to $93.10 per share in trading shortly after its earnings report was released.
Microsoft:
Beat earnings estimates. The company posted adjusted earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.86 per share. Factoring in a $13.8 billion charge related to U.S. tax reform, Microsoft witnessed a loss of $0.82 per share.
Beat revenue estimates. The company saw revenue figures of $28.92 billion, beating our consensus estimate of $28.35 billion.
Total revenue was up 12% year-over-year. Productivity and Business Processes revenue gained 25% to touch $9.0 billion, with LinkedIn contributing $1.3 billion. Intelligent Cloud revenues were $7.8 billion, up about 15%. Azure revenue grew 98%. Meanwhile, More Personal Computing revenues were $12.2 billion, which represents growth of about 2%.
“This quarter’s results speak to the differentiated value we are delivering to customers across our productivity solutions and as the hybrid cloud provider of choice,” said Satya Nadella. “Our investments in IoT, data, and AI services across cloud and the edge position us to further accelerate growth.”
Here’s a graph that looks at Microsoft’s recent earnings performance:
Microsoft Corporation Price, Consensus and EPS Surprise
Microsoft Corporation Price, Consensus and EPS Surprise | Microsoft Corporation 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. They offer cloud-based solutions that provide customers with software, services, platforms, and content.
Check back later for our full analysis on Microsoft’s earnings report!
Want more analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>