Microsoft beats Street
Software giant Microsoft (MSFT) reported quarterly earnings far beyond analysts’ expectations as its key cloud segment almost doubled its revenue. Cloud business brought in $6.68 billion during the second fiscal quarter. This was above both analyst expectations and the company’s guidance. Analysts had estimated that the cloud segment would bring in about $6.73 billion. Microsoft’s projected range for the cloud segment was $6.55 to $6.75 billion. Its major cloud product, Azure, grew by 93 % year-on-year. CEO Satya Nadella said in a statement that “Accelerating advancements in AI across our platforms and services will provide further opportunity to drive growth in the Microsoft Cloud”. Total second fiscal quarter revenue reached $26.07 billion and earnings of 83 cents per share. The consensus among Reuters analysts was 79 cents per share and $25.3 billion in revenue. Microsoft shares hit a fresh intraday all-time high of $64.54. Meanwhile, stocks rose by 23 percent in the past 12 months.
Note: All data, information or opinions (hereinafter collectively referred to as “Information”) published on a server Global FX are for information only and is general in nature and therefore can not reflect the specific conditions of individual users. This information is not intended as a proposal or offer to buy or sell any securities or as investment advice or strategy. If there are mentioned specific companies, products or business opportunities, it can not in any event be regarded as advertising and their potential use is therefore solely the responsibility and discretion of the user. The decisions taken should therefore not be based solely on the information provided without further consultation and a thorough assessment of specific conditions. The information contained herein is obtained from sources that FX Global deemed credible (eg. The CTK news whose content is protected by copyright). Despite all efforts to ensure that the information contained herein is reliable, it can not guarantee its accuracy and FX Global is not responsible for any errors or omissions, nor for the accuracy, completeness, timeliness or reliability of the information provided on the date of their publication or further in the future. Every investment involves some degree of risk, but the risk of loss in trading on the OTC financial markets (Forex) is essential. Results of investments last year are no guarantee of future returns. If a user considering trading in these markets, one should be aware of this risk to be managed prior to investing choices. Global FX does not guarantee users of profit, revenue, return on investment based on any information contained herein, will not participate in the profits and bears no responsibility for any consequences or any losses resulting from such information in whole or in part. The information contained herein represent the views of Global FX and FX Global reserves the right to change or withdrawal at any time in the future without notice. FX GLOBAL also not obliged to update the information contained herein. Any unauthorized use, redistribution or disclosure of such information, in whole or in part without written permission is prohibited Global FX.