Microsoft Earnings: Tops Analyst Estimates and Sees Momentum
Microsoft Corporation (NASDAQ:MSFT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Despite the solid report, shares are down 1.81%.
Microsoft Corporation Earnings Cheat Sheet
Results: Net income increased 25.56% to $8.32 billion (81 cents per diluted share) in the quarter versus a net gain of $6.62 billion in the year-earlier quarter.
Revenue: Rose 5.35% to $22 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Microsoft Corporation reported adjusted net income of 81 cents per share. By that measure, the company beat the mean analyst estimate of $0.75. It beat the average revenue estimate of $21.53 billion.
Quoting Management: “We see strong momentum in our enterprise business. With the launch of SQL Server 2012 and Windows Server 2012, we continue to see healthy growth in our data platform and infrastructure businesses and win share from our competitors,” said Kevin Turner, chief operating officer at Microsoft…