Microsoft takes off after reporting earnings. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Dan Nathan. Subscribe to CNBC PRO for access to investor and analyst insights on Microsoft and more: [ Ссылка ]
Microsoft stock rose as much as 6% in extended trading on Tuesday after the company reported fiscal second-quarter earnings Azure cloud revenue growth and quarterly revenue guidance that exceeded analysts’ expectations.
Here’s how the company did:
Earnings: $2.03 per share, adjusted, vs. $1.64 per share as expected by analysts, according to Refinitiv.
Revenue: $43.08 billion, vs. $40.18 billion as expected by analysts, according to Refinitiv.
Microsoft revenue grew 17% on an annualized basis, up from 12% growth in the prior quarter, according to a statement.
With respect to guidance, Microsoft sees $40.35 billion to $41.25 billion in fiscal third-quarter revenue. The middle of the range, at $40.8 billion, implies 16.5% growth and is higher than the $38.70 billion consensus among analysts polled by Refinitiv.
In the fiscal second quarter, revenue from Microsoft’s Intelligent Cloud business segment totaled $14.60 billion. The segment includes the Azure public cloud, server products such as Windows Server, GitHub and enterprise services. Revenue was up 23% year over year and above the $13.77 billion consensus among analysts polled by FactSet.
Microsoft said Azure revenue grew 50%. Analysts had expected around 42% growth. Microsoft doesn’t disclose Azure revenue in dollars.
The More Personal Computing segment, containing Windows, gaming, devices and search advertising, generated $15.12 billion in revenue, which was up 14% and came in higher than the $13.47 billion FactSet consensus estimate. Technology industry research company Gartner estimated that PC shipments, excluding Chromebooks, grew 10.7% in the quarter.
The segment’s operating margin narrowed to 34.6% from 40% following the introduction of two Xbox video-game consoles in November. Analysts polled by FactSet had expected a 26% margin from the segment. The company now has 18 million people subscribing to the Xbox Game Pass service for accessing dozens of games, up from 15 million in September.
The Productivity and Business Processes segment, including Office, Dynamics and LinkedIn, produced $13.35 billion in revenue, which was up 13% and more than the $12.89 billion consensus.
» Subscribe to CNBC TV: [ Ссылка ]
» Subscribe to CNBC: [ Ссылка ]
» Subscribe to CNBC Classic: [ Ссылка ]
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: [ Ссылка ]
Connect with CNBC News Online
Get the latest news: [ Ссылка ]
Follow CNBC on LinkedIn: [ Ссылка ]
Follow CNBC News on Facebook: [ Ссылка ]
Follow CNBC News on Twitter: [ Ссылка ]
Follow CNBC News on Instagram: [ Ссылка ]
[ Ссылка ]
#CNBC
#CNBCTV
Ещё видео!