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Microsoft posted better-than-expected earnings

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The pandemic was beneficial to the tech giant

Another giant company that amazed Wall Street with its earnings is Microsoft

The company announced a revenue of $38.03 billion, with an EPS of $1.46. It exceeded the EPS of $1.38, with a revenue of $36.43 billion estimated. 

Productivity and business processes brought revenues of $11.8 billion, a 6% increase from the same time last year.

Microsoft's cloud computing service, Azure, grew under 50% for the first time and ended the quarter at 47% after the same quarter last year it had an increase of 59%. Still, it had a revenue of $13.4 billion. 

The gaming business gained 64% in the past quarter, and the revenue came in at $1.3 billion. The increase was driven by the Xbox hardware – 49%. 

Personal computing brought revenue of $12.9 billion as the company saw an "increased demand to support work-, play-, and learn-from-home scenarios.”

Analysts are applauding the company's idea of diversifying its business model, which, in the long-term, could translate into double-digit revenues. 

After the report, the stock price lost 2.8%. Since the beginning of the year, shares went up 34%.  







Miguel A. Rodriguez
Miguel A. Rodriguez

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.