Microsoft earnings beat across the board, stock up on outlook

. 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.

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

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Earnings preview: What to expect from Alphabet Google and Microsoft resultsThis week earnings moves into overdrive with as mentioned 170 of the S&P 500 companies up for earnings releases. but more importantly, this is mega te
Source: FXStreetNews - 🏆 14. / 72 Read more »

Dow Futures Fall More Than 200 Points as Wall Street Braces for a Busy Earnings WeekInvestors are looking ahead to a packed week of corporate earnings, including reports from Amazon, Apple and Microsoft.
Source: NBCDFW - 🏆 288. / 63 Read more »

Coca-Cola earnings beat Wall Street estimates as revenue jumps 16%Shares of Coke have climbed 19% over the last 12 months, giving it a market value of $283 billion.
Source: CNBC - 🏆 12. / 72 Read more »

US stocks fall as busiest week for earnings beginsU.S. stock investors remain spooked as fears of a global slowdown rise. ALL BAD !
Source: FoxBusiness - 🏆 458. / 53 Read more »

US stocks slide as economic worries mount ahead of crucial tech earningsUS stocks sold off in early trading on Monday in a sign of mounting investor anxiety as Wall Street enters a week of crucial earnings reports from prominent tech firms.
Source: nypost - 🏆 91. / 67 Read more »