Microsoft stock

Microsoft Corp. eclipsed profit and sales estimates and produced stronger revenue than expected across all of its business segments in an earnings report...

Sales in the “Productivity and Business Solutions” segment increased to $15.79 billion from $13.55 billion a year ago, while analysts on average were expecting $15.75 billion, according to FactSet. Analysts had predicted sales of $14.3 billion on average, and forecasts for the fourth quarter suggest slower growth in the segment is on the horizon. Analysts on average were expecting earnings of $2.19 a share on sales of $49 billion, according to FactSet. “Next, we have taken into account the current impact of shutdowns in China in our outlook; however, extended production shutdowns that reach into May would further negatively impact our outlook across Windows OEM, Surface and Xbox hardware.” This strength may be a potential risk for Office upside the rest of this calendar year,” the analysts wrote in an April 18 note, while maintaining a buy rating and $400 price target. Jefferies analysts noted that customers may have jumped to lock in the lower prices by signing new deals before the price increase, which would be a boon for the third quarter, but could weigh on the company’s forecast for the rest of the year. Microsoft said Azure revenue increased by 46%; the company does not break out revenue specifically for Azure, even though rivals Amazon.com Inc. AMZN, -4.58%and Alphabet Inc. GOOGL, GOOG,state sales for their competitive platforms, Amazon Web Services and Google Cloud, respectively. Microsoft shares dipped more than 2% in after-hours trading immediately following the release of the results, but then bounced back to slight gains in choppy action before getting a big boost from a forecast delivered during a later conference call. Microsoft MSFT, -3.74%reported fiscal third-quarter earnings of $16.73 billion, or $2.22 a share, up from $2.03 a share a year ago. Shares were last up more than 5% in the extended session. Microsoft’s “More Personal Computing” segment grew to sales of $14.52 billion from $13.04 billion a year ago, despite fears that a pandemic boom in personal-computer sales has come to an end. The cloud segment reported revenue of $19.05 billion, up from $15.19 billion a year ago, while analysts on average were predicting $18.89 billion.

Microsoft Corp. beat earnings estimates today with better-than-expected revenue across nearly all its product lines in the fiscal third quarter.

It said it expects the Productivity and Business Processes segment to come in at between $16.65 billion and $16.9 billion despite a slight slowdown in Office 365 revenue. Particularly notable was growth in the cloud business, with commercial bookings growth of 28% and Microsoft Cloud revenue of $23.4 billion, up 32% year over year. Show your support for our mission by joining our Cube Club and Cube Event Community of experts. Growth was led by Office 365 Commercial revenue growth of 20% in constant currency. “The wide variance between Microsoft’s and Amazon’s service offerings suggests that conventional definitions of ‘cloud computing’ are becoming increasingly strained.” LinkedIn revenue increased 35% amid strong hiring demand. That’s because AWS is primarily an infrastructure company while Microsoft folds its cloud applications business into its total cloud revenue picture. Although Office is considered a mature product, Nadella said “the intensity of usage has gone up” amid the pandemic. Earnings of $16.73 billion, or $2.22 a share, beat estimates of $2.19, rising 9% from a year ago. Revenue in the Productivity and Business Processes line of business grew 17% from a year ago, to $15.8 billion. Microsoft cautioned that cloud revenue growth is likely to slow sequentially from its recent torrid rate but that the Intelligent Cloud division should still turn in revenue of between $21.1 billion and $21.35 billion in the fiscal fourth quarter, driven by Azure. Intelligent Cloud revenue grew 26%, to $19.1 billion, beating Wall Street estimates of $18.9 billion, with server products and cloud services revenue up 32% driven by Azure, along with other cloud services revenue growth of 49%.

Microsoft reported revenue of $49.4 billion in its latest quarter, well ahead of Wall Street estimates.

It’s being boosted by a strong outlook for the June quarter, despite Microsoft expressing some concerns about Covid shutdowns in Chinese factories affecting hardware. After some initial volatility, the stock is trading higher after hours. Microsoft Stock Rallies on Strong Earnings and Outlook

Microsoft late Tuesday beat analyst expectations for its fiscal third quarter on strong cloud computing business. Microsoft stock wavered.

For the current quarter, Microsoft expects to generate sales of $52.8 billion, based on the midpoint of its guidance. The best growth stocks have a Composite Rating of 90 or better. Revenue in the segment increased 26% year over year to $19.1 billion. The Redmond, Wash.-based company earned $2.22 a share on sales of $49.4 billion in the quarter ended March 31. Microsoft stock rose in extended trading. It also offered in-line sales guidance for the current quarter.

Microsoft (MSFT) shares fell in after-hours trading on Tuesday even as the Satya Nadella-led company posted third-quarter revenue that topped expectations.

Microsoft ( MSFT) is slated to host a conference call at 5:30 p.m. EST to discuss the results. Microsoft ( MSFT) shares ticked down fractionally to $267.43 in after-hours trading. The Redmond, Washington-based Microsoft ( MSFT) said it earned $2.22 per share on $49.4 billion in revenue, thanks to a 32% year-over-year rise in cloud-related revenue.