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Microsoft
The stock rose after the tech giant reported results on Thursday that beat Wall Street estimates.
The story back. Microsoft shares (ticker: MSFT) are up around 34% this year on investor enthusiasm for the company’s Azure cloud computing business and its success in selling software subscriptions such as Office 365.
Numbers. Late Thursday, Microsoft reported fiscal fourth-quarter adjusted earnings per share of $1.37, above the Wall Street consensus of $1.21. Adjusted revenue of $33.72 billion also beat expectations of $32.77 billion.
“This was a record year for Microsoft, the result of our close partnerships with leading companies across all industries,” Microsoft CEO Satya Nadella said in the earnings release.
Microsoft shares rose 0.7% to $137.40 in after-hours trading after the report.
Microsoft Investor Relations Elaine Jones said in a phone interview that Microsoft’s commercial licensing business, including server and Office software products, as well as Windows OEM Pro [operating systems] both exceeded internal company expectations for the quarter.
Looking forward. The company has scheduled a conference call for investors and analysts at 5:30 p.m. ET Thursday.
Write to Tae Kim at tae.kim@barrons.com
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