Microsoft Corporation reported its fiscal fourth-quarter financial results after the closing bell on Wall Street on Tuesday, missing analyst estimates for the quarter.
The company reported revenue of $51.9 billion (up by 12% year-over-year) vs. $52.384 billion expected.
Earnings per share reported at $2.23 per share (up by 3% year-over-year) vs. $2.29 per share estimate.
”We see real opportunity to help every customer in every industry use digital technology to overcome today’s challenges and emerge stronger,” Satya Nadella, Chairman and CEO of Microsoft said in a press release after the latest results.
”No company is better positioned than Microsoft to help organizations deliver on their digital imperative – so they can do more with less,” Nadella added.
”In a dynamic environment we saw strong demand, took share, and increased customer commitment to our cloud platform. Commercial bookings grew 25% and Microsoft Cloud revenue was $25 billion, up 28% year over year,” said Amy Hood, executive vice president and chief financial officer of Microsoft.
”As we begin a new fiscal year, we remain committed to balancing operational discipline with continued investments in key strategic areas to drive future growth,” Hood concluded.
Microsoft Corporation (MSFT) chart
Shares of Microsoft ended Tuesday down by 2.68% at $251.53 per share.
Here is how the stock has performed in the past year:
Microsoft price targets
Microsoft is the 3rd largest company in the world with a market cap of $1.883 trillion.
You can trade Microsoft Corporation (MSFT) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.
Sources: Microsoft Corporation , TradingView, MetaTrader 5, Benzinga, CompaniesMarketCap
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice.
The Australian Consumer data was released today with Consumer Price Index rising to 6.1% over the past 12 months. For the quarter, the CPI rose by 1.8% which was 0.1% lower then what analysts expected the figure to be. This was also lower then the 2.1% jump seen in the previous March quarter. The most significant contributors to the increase were n...
The Coca-Cola Company (KO) reported its latest financial results for the second quarter before the opening bell in the US on Tuesday, beating Wall Str...