Microsoft fell more than 2% in premarket trading

Tiger Newspress2021-04-28

Microsoft fell more than 2% in premarket trading,and its operating profit margin fell in the third quarter.

Microsoft Results Beat in Q1 as Cloud Growth Gathers Pace

Microsoft reported Tuesday first-quarter results that beat consensus estimates, led by strong growth in its cloud division as businesses continue to move workloads to the cloud.

The company announced earnings per share of $1.95 on revenue of $41.71B. Analysts polled by Investing.com anticipated EPS of $1.78 on revenue of $41.04B.

Revenue in productivity and business processes was up 15% to $13.6 billion and its intelligent cloud business, which includes cloud business Azure, grew 23% to $15.1 billion.

The company said Azure grew 50% in the quarter, compared with estimates for 46%.

"Azure revenue growing 50% which we note is well above bullish Street whisper expectations of 46% heading into the print," Wedbush said in a note.

Revenue in personal computing was up 19% to $13 billion as demand for its tablets and laptops continued to benefit from work from home trend.

"Over a year into the pandemic, digital adoption curves aren’t slowing down. They’re accelerating, and it’s just the beginning,” said Satya Nadella, chief executive officer of Microsoft.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • JimmyT
    2021-04-30
    JimmyT
    All the cylinders are moving with great results, of course the share price is down.[捂臉] 
  • Novakayne
    2021-04-29
    Novakayne
    Bought it!
  • YsL
    2021-04-28
    YsL
    Great
  • mummumtumtum
    2021-04-28
    mummumtumtum
    Interested to know who are the ones selling, are they cashing out of some gains or doing some portfolio rebalancing?
  • keaty
    2021-04-28
    keaty
    What's happening is perhaps taking a break!Hv confident
  • CWen
    2021-04-28
    CWen
    ???
Leave a comment
17