27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Microsoft Corporation (NASDAQ:MSFT) reported second-quarter earnings after the stock hit a new all-time high on Tuesday.
What Happened: Revenue increased 17% year-over-year to $43.1 billion for Microsoft, beating street consensus estimates of $40.2 billion.
Net income increased 33% year-over-year and earnings per share of $2.03 came in well ahead of Street consensus estimates of $1.64.
The highlight for Microsoft in the quarter was the growth of the cloud-related businesses. Commercial cloud was up 34% year-over-year to $16.7 billion across all business segments.
Intelligent Cloud revenue was up 23% year-over-year to $14.6 billion, marking the segment that saw the biggest comparable increase. The Azure business inside the intelligent cloud segment saw revenue increase 50% year-over-year.
Related Link: Microsoft Analysts: Q1 Shows Payoff From Cloud Shift, Azure Narrowing The Gap With AWS
The Xbox business had growth of 40% year-over-year and helped the More Personal Computing segment report 14% year-over-year growth and the largest segment revenue total of $15.1 billion.
Productivity and Business Processes segment revenue was $13.4 billion, a year-over-year increase of 13%.
"We continue to benefit from our investments in strategic, high-growth areas," said Microsoft CFO Amy Hood.
MSFT Price Action: Shares of Microsoft hit all-time highs of $234.18 in Tuesday’s trading session. Shares are up 5% to $243.57 in after-hours trading.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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