Market Overview

Microsoft Reports Big Q4 Earnings Beat

Share:
Microsoft Reports Big Q4 Earnings Beat

Microsoft Corporation (NASDAQ: 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.

Related Links:

Microsoft's Azure Is No AWS, Says Bearish Jefferies

AMD Partners With Microsoft For Project Scarlett

Posted-In: Satya NadellaEarnings News Top Stories After-Hours Center Movers Trading Ideas Best of Benzinga

 

Related Articles (MSFT)

View Comments and Join the Discussion!

Cannabis Stock Gainers And Losers From July 18, 2019

Is Buying A House With A Short-Term Mortgage A Good Idea?