In fiscal Q2 2022, Microsoft topped earnings per share and revenue expectations. The tech behemoth revealed an adjusted EPS of $2.48 while the market looked for $2.31. At the same time, revenue came in at $51.73 billion, higher than the $50.88 billion previously touted. Revenue increased 20% compared to the previous year's numbers, while compared to the fiscal Q1 2022, it grew 22%.
Microsoft's Intelligent Cloud segment, including the Azure public cloud, GitHub, and Windows Server, generated $18.33 billion in revenue, marking a 25.5% growth compared to the previous figures.
The company's game segment – which now accounts for almost 11% of the overall revenue – caught investors' eyes this month after Microsoft revealed plans to purchase Activision Blizzard for $68.7 billion, the largest deal in Microsoft's 46-year history.
For fiscal Q3 2022, Microsoft expects the revenue to reach a high of $49.3 billion, topping the $48.23 billion market consensus.
At the moment of writing, Microsoft's stock price was trading 3.89% higher.
Sources: cnbc.com, finance.yahoo.com