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Microsoft earnings beat across the board, stock up on outlook

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Microsoft's Azure cloud revenue came in higher than analysts had expected, with the company citing strong demand for consumption-based services.

. Microsoft turned in the smallest revenue beat since 2018, exceeding consensus by less than 1%. Sales and marketing expenditures totaled $5.6 billion, 10% higher than the year-ago quarter and the fastest growth in more than three years.

The company's Intelligent Cloud segment, which contains Microsoft's Azure public cloud for application hosting, along with SQL Server, Windows Server and enterprise services, generated $19.05 billion in revenue. That's up 26% and above the $18.90 billion consensus among analysts polled by StreetAccount.

The number of Azure deals worth at least $100 million in the quarter more than doubled, CEO Satya Nadella told analysts on the conference call.

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What happened to Samsung Electronics's stock who beat the market expectation consecutively more than a year in a row ?

Thats cheat: Microsoft and Outlook 🤔🙄😏😁

Phew

Nederland Laatste Nieuws, Nederland Headlines

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