Microsoft Corporation MSFT shares traded higher after reporting a fourth-quarter earnings beat.
Adjusted earnings came in at $1.37, beating estimates by 16 cents. Sales came in at $33.7 billion, beating estimates by $950 million.
“It was a record fiscal year for Microsoft, a result of our deep partnerships with leading companies in every industry,” said CEO Satya Nadella. "Every day we work alongside our customers to help them build their own digital capability - innovating with them, creating new businesses with them, and earning their trust. This commitment to our customers’ success is resulting in larger, multi-year commercial cloud agreements and growing momentum across every layer of our technology stack.”
Highlights
- Revenue increased 12%
- Operating income increased 20% year-over-year
- $7.7 billion shares repurchased
Microsoft shares traded higher by 1.2% at $138.30 in Thursday's after-hours session.
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