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Microsoft beats on earnings and revenue for fiscal second quarter

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EARNINGS: Microsoft Q2 EPS $2.48 vs. $2.31 Est.; Q2 Revs. $51.73B vs. $50.88B Est. michaelsantoli parses the numbers.

reported better-than-expected earnings and revenue for the fiscal second quarter. The stock dropped in extended trading.$2.48 per share, adjusted, vs. $2.31 per share as expected by analysts, according to Refinitiv.Revenue increased by 20% year over year in the quarter, according to a statement, compared with almost 22% growth inMicrosoft's Intelligent Cloud segment, which contains the Azure public cloud, GitHub and server products such as Windows Server, generated $18.33 billion in revenue.

Revenue from Azure and other cloud services grew 46%. The expectation was 46%, according to a CNBC survey of 15 analysts, while analysts polled by StreetAccount had been looking for 45.3% Azure growth. Microsoft doesn't disclose Azure revenue in dollars. Revenue from the More Personal Computing segment, which includes Windows, advertising, devices and gaming, totaled $17.47 billion. That's up 15.5% and above the StreetAccount consensus of $16.56 billion.

Microsoft said sales of Windows licenses increased by 25% in the fourth quarter. Technology industry research firm

 

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