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%.
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Source: cnbc.com
