Both the actual figures and guidance beat expectations
One of the most expected quarterly earnings became public. Microsoft reported fiscal second-quarter figures that beat expectations.
Microsoft had an adjusted EPS of $2.03 on revenues of $43.08 billion in the past quarter. Both figures topped expectations of $1.64 per share, and $40.18 billion, respectively. On an annualized basis, Microsoft’s revenue grew 17%, beating the 12% reported in the prior quarter.
Microsoft Azure revenue reported a 50% growth, beating the 42% expected by the market. However, the company didn’t disclose the segment’s revenue in dollars. At the same time, the Intelligent Cloud business segment revenue figures came in at $14.60 billion, 23% higher than the $13.77 billion forecasted.
For the future, Microsoft expects its revenues to reach a high of $41.25 billion in the fiscal third quarter.
Following the news, Microsoft stock price gained 1.22% closing at an all-time high for the first time since September. Since the beginning of 2021, its stock price went up 5%, while USA500 added 3%.
Check out our Market News section and stay updated with the latest events on the market!
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.