Microsoft stock

Microsoft reported revenue of $49.4 billion in its latest quarter, well ahead of Wall Street estimates.

It’s being boosted by a strong outlook for the June quarter, despite Microsoft expressing some concerns about Covid shutdowns in Chinese factories affecting hardware. After some initial volatility, the stock is trading higher after hours. Microsoft Stock Rallies on Strong Earnings and Outlook

Microsoft late Tuesday beat analyst expectations for its fiscal third quarter on strong cloud computing business. Microsoft stock wavered.

For the current quarter, Microsoft expects to generate sales of $52.8 billion, based on the midpoint of its guidance. The best growth stocks have a Composite Rating of 90 or better. Revenue in the segment increased 26% year over year to $19.1 billion. The Redmond, Wash.-based company earned $2.22 a share on sales of $49.4 billion in the quarter ended March 31. Microsoft stock rose in extended trading. It also offered in-line sales guidance for the current quarter.

Microsoft (MSFT) shares fell in after-hours trading on Tuesday even as the Satya Nadella-led company posted third-quarter revenue that topped expectations.

Microsoft ( MSFT) is slated to host a conference call at 5:30 p.m. EST to discuss the results. Microsoft ( MSFT) shares ticked down fractionally to $267.43 in after-hours trading. The Redmond, Washington-based Microsoft ( MSFT) said it earned $2.22 per share on $49.4 billion in revenue, thanks to a 32% year-over-year rise in cloud-related revenue.

Microsoft's (MSFT) fiscal Q3 earnings and revenue exceeded analysts' expectations. Xbox content and services revenue growth also surpassed estimates.

This revenue figure is a key metric gauging the amount of sales the company generates from its video game hardware, software, and related services.12 Microsoft is seeking to expand its video game offerings, as its recent announcement to acquire Activision Blizzard, Inc. (ATVI)—maker of popular games like Call of Duty and World of Warcraft—makes abundantly clear. The company also highlighted its cloud platform as a key driver of performance for the quarter. Microsoft shares were trading down about 0.7% following the earnings release, as of this writing. These choices will be signaled globally to our partners and will not affect browsing data. Investopedia and our third-party partners use cookies and process personal data like unique identifiers based on your consent to store and/or access information on a device, display personalized ads and for content measurement, audience insight, and product development. CFO Amy Hood said that Microsoft Cloud revenue was $23.4 billion, up 32% year over year, thanks to "continued customer commitment." Year-over-year (YOY) growth in constant currency of Microsoft's Xbox content and services revenue also topped analyst predictions.12 Note that Microsoft's 2021 fiscal year (FY) ended June 30, 2021. Microsoft's Xbox content and services revenue climbed by 6% YOY on a constant currency basis. Earnings per share (EPS) came in at $2.22, beating analyst predictions. Microsoft Corporation (MSFT) reported Q3 FY 2022 earnings that beat analyst expectations.

Microsoft Corp. reported quarterly sales and earnings that topped analysts' projections, fueled by robust growth in cloud-services demand.

Net income rose to $16.7 billion, or $2.22 a share. Revenue in the third quarter, which ended March 31, rose 18% to $49.4 billion, the Redmond, Washington-based software maker said Tuesday in a statement. Microsoft Corp. reported quarterly sales and earnings that topped analysts’ projections, fueled by robust growth in cloud-services demand.

Among analysts polled by FactSet, the consensus is for the software giant to report March quarter (fiscal third quarter) revenue of $49.02 billion (up 17.5% ...

4:58 PM ET: Also: Microsoft noted that Windows OEM revenue (grew 11% vs. 5:36 PM ET: Nadella highlights triple-digit usage growth for Microsoft's Azure Cosmos DB and Synapse cloud databases. 5:55 PM ET: Hood is now recapping Productivity & Business Process' performance. As a reminder, the company is set to pay $68.7B in cash (provided regulators sign off) to acquire Activision Blizzard. FQ3 revenue of $49.36B beats a $49.02B consensus. 6:43 PM ET: Microsoft's call has ended. Windows OEM revenue is expected to grow by a low-to-mid single-digit %. Nadella: Windows is the socket for Microsoft 365. In addition, Microsoft's commercial bookings rose 35% Y/Y (30% excluding Nuance), which in turn helped its commercial RPO (contract backlog) rise 32% to $155B. Hood: Seat growth was especially strong with front-line workers and SMBs. That tends to weigh on ARPU growth a bit. At its midpoint, the guidance implies 14% Y/Y revenue growth. The company’s June quarter revenue consensus stands at $52.75 billion (up 14%).

Microsoft did it again: the company delivered an all-around beat in fiscal Q3, the thirteenth consecutive one. The highlight was Azure, Microsoft's cloud ...

Microsoft Corp. beat earnings estimates today with better-than-expected revenue across nearly all its product lines in the fiscal third quarter.

It said it expects the Productivity and Business Processes segment to come in at between $16.65 billion and $16.9 billion despite a slight slowdown in Office 365 revenue. Particularly notable was growth in the cloud business, with commercial bookings growth of 28% and Microsoft Cloud revenue of $23.4 billion, up 32% year over year. Show your support for our mission by joining our Cube Club and Cube Event Community of experts. Growth was led by Office 365 Commercial revenue growth of 20% in constant currency. “The wide variance between Microsoft’s and Amazon’s service offerings suggests that conventional definitions of ‘cloud computing’ are becoming increasingly strained.” LinkedIn revenue increased 35% amid strong hiring demand. That’s because AWS is primarily an infrastructure company while Microsoft folds its cloud applications business into its total cloud revenue picture. Although Office is considered a mature product, Nadella said “the intensity of usage has gone up” amid the pandemic. Earnings of $16.73 billion, or $2.22 a share, beat estimates of $2.19, rising 9% from a year ago. Revenue in the Productivity and Business Processes line of business grew 17% from a year ago, to $15.8 billion. Microsoft cautioned that cloud revenue growth is likely to slow sequentially from its recent torrid rate but that the Intelligent Cloud division should still turn in revenue of between $21.1 billion and $21.35 billion in the fiscal fourth quarter, driven by Azure. Intelligent Cloud revenue grew 26%, to $19.1 billion, beating Wall Street estimates of $18.9 billion, with server products and cloud services revenue up 32% driven by Azure, along with other cloud services revenue growth of 49%.

Microsoft shares leapt higher Wednesday after the tech giant forecast stronger-than-expected revenue growth for its key divisions, offsetting concerns over ...

"And in our case, when it comes to our commercial cloud offerings, we have significant advantages on that across the stack" More Personal Computing revenues rose 11% to $14.5 billion. Microsoft's adjusted earnings rose 13.8% from last year to $2.22 per share, just ahead of the Street consensus forecast of $2.19 per share.

(Bloomberg) -- Microsoft Corp. reported quarterly sales and earnings that topped analysts' projections, fueled by robust growth in cloud-services demand.

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Microsoft gets a boost from better-than-expected guidance for its fiscal fourth quarter, and strong demand for its cloud services.

Shares of Visa Inc. undefined surged 5.9% and Microsoft Corp.'s stock undefined rallied 3.5% to pace the Dow Jones Industrial Average's undefined premarket.

Shares of Visa Inc. V,+8.21%surged 5.9% and Microsoft Corp.'s stock MSFT,+6.58%rallied 3.5% to pace the Dow Jones Industrial Average's DJIA,+1.08%premarket gainers Wednesday, in the wake of the companies' better-than-expected quarterly results. The stock's price decline acted as a 39-point drag on the Dow's price.

The Dow Jones Industrial Average rebounded Wednesday in the aftermath of Tuesday's big stock market losses. Microsoft jumped on earnings.

Thursday's IBD Stock Of The Day, Expedia, continues to build a cup with handle with a 204.08 buy point, according to IBD MarketSmith chart analysis. Shares of the EV giant finished Tuesday about 24% away from a cup-with-handle's 1,152.97 buy point. If a stock is lagging the rest of the market, the line will point lower. The Dow Jones Industrial Average rebounded 270 points Wednesday morning after the stock market cut to its lowest level in more than a year. If the stock is outperforming the broader market, the RS line angles upward. IBD offers a broad range of growth stock lists, such as Leaderboard and SwingTrader. EXPE stock shows a 92 out of a perfect 99 IBD Composite Rating, per the IBD Stock Checkup. Shares traded up nearly 3% Wednesday morning. Tuesday's The Big Picture column commented, "As noted among the panelists in Tuesday's IBD Live show, many market technicians had been waiting to see if the key indexes would undercut their March near-term lows. Keep an eye on the stock's relative strength line. The disappointing action sent the Nasdaq and the S&P 500 back below Monday's lows. Amid the deepening stock market correction, investors should be on the defensive: taking profits and raising cash. As the market rolls into the final few sessions of April, a rebound could launch another new rally attempt.