Microsoft Earnings: MSFT Stock Surges on Q4 Sales, EPS Beat

Microsoft (NASDAQ:MSFT) unveiled its latest quarterly earnings figures after hours Thursday, posting sales and a profit that came in stronger than what the Wall Street consensus estimate predicted.Source: Shutterstock The tech giant -- based out of Redmond, Wash. -- announced that for its fourth quarter of its fiscal 2019, it amassed a profit of $1.37 per share on an adjusted basis. This was stronger than the $1.21 per share than analysts called for, according to data compiled by Refinitiv.Microsoft added that on the revenue front, the business -- which has continuing to further its focus to the software side of things -- it brought in sales of $33.72 billion. Wall Street predicted the business would rake in revenue of $32.77 billion, per Refinitiv.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis marks the company's ninth straight quarter of annualized revenue growth in the double digits, per data compiled by FactSet. Microsoft's Intelligent Cloud business segment -- comprising the Azure public cloud, SQL Server and more -- tallied in $11.39 billion in sales for the period, topping the $11.02 billion that Wall Street predicted, according to FactSet.Azure-based revenue popped 64% year-over-year, although the specific revenue numbers for the software are unclear at this moment. Microsoft added that its Commercial Cloud revenue tallied in $11 billion in sales, a 39% gain compared to the year-ago period.MSFT stock gained about 2.7% after the bell following the company's quarterly earnings results. Shares had been gaining about 0.1% during regular trading hours on Thursday. More From InvestorPlace * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond * 7 Dependable Dividend Stocks to Buy * 7 Dependable Dividend Stocks to Buy * 10 Stocks to Sell for an Economic Slowdown The post Microsoft Earnings: MSFT Stock Surges on Q4 Sales, EPS Beat appeared first on InvestorPlace. Read More...

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Microsoft (NASDAQ:MSFT) unveiled its latest quarterly earnings figures after hours Thursday, posting sales and a profit that came in stronger than what the Wall Street consensus estimate predicted.” data-reactid=”11″>Microsoft (NASDAQ:MSFT) unveiled its latest quarterly earnings figures after hours Thursday, posting sales and a profit that came in stronger than what the Wall Street consensus estimate predicted.

Source: Shutterstock

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The tech giant — based out of Redmond, Wash. — announced that for its fourth quarter of its fiscal 2019, it amassed a profit of $1.37 per share on an adjusted basis. This was stronger than the $1.21 per share than analysts called for, according to data compiled by Refinitiv.” data-reactid=”25″>The tech giant — based out of Redmond, Wash. — announced that for its fourth quarter of its fiscal 2019, it amassed a profit of $1.37 per share on an adjusted basis. This was stronger than the $1.21 per share than analysts called for, according to data compiled by Refinitiv.

Microsoft added that on the revenue front, the business — which has continuing to further its focus to the software side of things — it brought in sales of $33.72 billion. Wall Street predicted the business would rake in revenue of $32.77 billion, per Refinitiv.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="InvestorPlace – Stock Market News, Stock Advice & Trading Tips” data-reactid=”27″>InvestorPlace – Stock Market News, Stock Advice & Trading Tips

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="This marks the company’s ninth straight quarter of annualized revenue growth in the double digits, per data compiled by FactSet. Microsoft’s Intelligent Cloud business segment — comprising the Azure public cloud, SQL Server and more — tallied in $11.39 billion in sales for the period, topping the $11.02 billion that Wall Street predicted, according to FactSet.” data-reactid=”28″>This marks the company’s ninth straight quarter of annualized revenue growth in the double digits, per data compiled by FactSet. Microsoft’s Intelligent Cloud business segment — comprising the Azure public cloud, SQL Server and more — tallied in $11.39 billion in sales for the period, topping the $11.02 billion that Wall Street predicted, according to FactSet.

Azure-based revenue popped 64% year-over-year, although the specific revenue numbers for the software are unclear at this moment. Microsoft added that its Commercial Cloud revenue tallied in $11 billion in sales, a 39% gain compared to the year-ago period.

MSFT stock gained about 2.7% after the bell following the company’s quarterly earnings results. Shares had been gaining about 0.1% during regular trading hours on Thursday.