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renegadebusdallas.com May 24, 2018


Microsoft set to report earnings after the bell

27 April 2018, 10:14 | Lionel James

Microsoft Earnings: What to Look For

Microsoft said revenue in its Azure cloud computing service grew 93 percent during the quarter a trend that has marked the company’s momentum in the growing market for the last several quarters

Microsoft reported third-quarter financial results Thursday that surpassed analyst expectations, once again reporting strong growth in its cloud products.

"Our results this quarter reflect the trust people and organizations are placing in the Microsoft Cloud", Microsoft CEO Satya Nadella said in the press release. Azure had posted an over 90% growth for the past 10 quarters.

Despite the earnings beat, shares of the company stock fell 1% in after hours trading on the Nasdaq stock exchange.

Microsoft shares, which are up nearly 40 percent over the past year, rose slightly after closing 2.1 percent higher at $94.26. Revenue from the Azure cloud platform increased 93 percent year-over-year, while sales from the company's Productivity and Business Process segment (which includes Office and Dynamics) rose 17 percent to roughly $9 billion.

Revenue was up more than 15 percent from the same period previous year, and profit increased 35 percent. "Apple is still playing catch up to that".

With revenue, profits, and capital expenditures up for all of the Big Three cloud computing companies during the first quarter of 2018, it shouldn't be a surprise that the chip company inside almost all those new servers had a nice quarter itself.

EU Withdrawal Bill suffers third Lords defeat on human rights charter
It reduces administrative and financial trade barriers, such as customs checks and charges, and boosts economic co-operation. Shadow Brexit minister Paul Bloomfield said: "This is a welcome decision from the House of Lords".

The U.S. hi-tech company based in Redmond of the U.S. western state of Washington reported a net profit of 7.4 billion dollars, or 95 cents a share for the third quarter. Analysts surveyed by FactSet had estimated 85 cents a share on revenue of $25.77 billion. At LinkedIn, revenues climbed 37 percent.

Capital expenditures were $3.5 billion in the quarter.

Recently Microsoft aquired gaming start-up PlayFab, and it announced a major reorganization that included the departure of Windows and Devices chief Terry Myerson from the company.

Intelligent Cloud hit $7.9B (+15%).

Total revenue in the company's More Personal Computing division, which includes the Windows operating system, rose to $9.92 billion, beating the $9.26 billion average prediction of three analysts polled by Bloomberg.



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