Microsoft beats on earnings, stock ticks up

Microsoft CEO Satya Nadella speaks at the Digital-Life-Design conference in Munich, Germany, on January 16, 2017.stock rose 1% after the company released better-than-expected earnings results for the fourth quarter of its 2019 fiscal year.$1.37 per share, excluding certain items, vs. $1.21 per share as expected by analysts, according to RefinitivOn an annualized basis revenue grew 12% in the quarter, which ended on June 30, according to a.

Revenue from Azure increased 64% year over year, the lowest growth rate in at least four years. Microsoft doesn't disclose exact revenue figures for Azure. "Our partner conversations this quarter continued to emphasize Azure's momentum, which are enabling the company to significantly outpace the overall market's growth as they see Azure contract commitments seeing significant uplift in terms of contract value and duration," Goldman Sachs analysts led by Heather Bellini, who have a buy rating on Microsoft stock, wrote in a Thursday note.

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