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Microsoft 'checks all the boxes' as strong Azure results, guidance impress Wall Street$Microsoft(MSFT)$

Microsoft's (MSFT) strong fiscal first-quarter results and guidance, aided in part by its Azure cloud unit, resulted in several on Wall Street to note that the tech giant "simply delivered."

"Microsoft simply delivered in Q1 and we’d expect [the] stock to trade up modestly," Citi analyst Tyler Radke wrote in an investor note.

Radke added that while the guidance was the main focus of the earnings call, the stronger-than-expected beat and the acceleration in leading indicators such as commercial bookings and Azure consumption revenue "suggest demand trends are stabilizing (or accelerating)." Radke has a buy rating and $430 price target on Microsoft.

For the period ending September 30, Microsoft (MSFT) earned $2.99 per share on $56.52B in revenue, as the company generated $24.26B in revenue from its intelligent cloud unit and $18.59B from its productivity unit.

Microsoft said that cloud services revenue, which is mostly comprised of Azure, grew 29%, or 28% year-over-year in constant currency. More personal computing, which includes Windows, accounted for $13.67B in revenue during the period.

On the earnings call, Microsoft said it expects second-quarter revenue to be within a range of $60.4B to $60.8B, with CFO Amy Hood saying the company anticipates "Azure revenue growth in constant currency to remain roughly stable compared to Q2."

Chase high of MSFT or Bottom GOOG after earnings?

Microsoft’s net income jumped 27% as management cut back on spending. The company’s Azure cloud revenue growth accelerated after two years of deceleration. Google's Q3 advertising exceeded expectations, while cloud business fell short. -------------------------- Are you bullish on Microsoft after earnings' beats? What's your target price for Microsoft and Alphabet? Will you bottom GOOG after it plunges 4% after earnings?

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More personal computing, which includes Windows, accounted for $13.67B in revenue during the period.</p>\n<p>On the earnings call, Microsoft said it expects second-quarter revenue to be within a range of $60.4B to $60.8B, with CFO Amy Hood saying the company anticipates \"Azure revenue growth in constant currency to remain roughly stable compared to Q2.\"</p></body></html>","htmlText":"<html><head></head><body><p>Microsoft 'checks all the boxes' as strong Azure results, guidance impress Wall Street<a href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$&nbsp;</a><v-v data-views=\"1\"></v-v></p>\n<p>Microsoft's (MSFT) strong fiscal first-quarter results and guidance, aided in part by its Azure cloud unit, resulted in several on Wall Street to note that the tech giant \"simply delivered.\"</p>\n<p>\"Microsoft simply delivered in Q1 and we’d expect [the] stock to trade up modestly,\" Citi analyst Tyler Radke wrote in an investor note.</p>\n<p>Radke added that while the guidance was the main focus of the earnings call, the stronger-than-expected beat and the acceleration in leading indicators such as commercial bookings and Azure consumption revenue \"suggest demand trends are stabilizing (or accelerating).\" Radke has a buy rating and $430 price target on Microsoft.</p>\n<p>For the period ending September 30, Microsoft (MSFT) earned $2.99 per share on $56.52B in revenue, as the company generated $24.26B in revenue from its intelligent cloud unit and $18.59B from its productivity unit.</p>\n<p>Microsoft said that cloud services revenue, which is mostly comprised of Azure, grew 29%, or 28% year-over-year in constant currency. More personal computing, which includes Windows, accounted for $13.67B in revenue during the period.</p>\n<p>On the earnings call, Microsoft said it expects second-quarter revenue to be within a range of $60.4B to $60.8B, with CFO Amy Hood saying the company anticipates \"Azure revenue growth in constant currency to remain roughly stable compared to Q2.\"</p></body></html>","text":"Microsoft 'checks all the boxes' as strong Azure results, guidance impress Wall Street$Microsoft(MSFT)$ Microsoft's (MSFT) strong fiscal first-quarter results and guidance, aided in part by its Azure cloud unit, resulted in several on Wall Street to note that the tech giant \"simply delivered.\" \"Microsoft simply delivered in Q1 and we’d expect [the] stock to trade up modestly,\" Citi analyst Tyler Radke wrote in an investor note. Radke added that while the guidance was the main focus of the earnings call, the stronger-than-expected beat and the acceleration in leading indicators such as commercial bookings and Azure consumption revenue \"suggest demand trends are stabilizing (or accelerating).\" Radke has a buy rating and $430 price target on Microsoft. For the period ending September 30, Microsoft (MSFT) earned $2.99 per share on $56.52B in revenue, as the company generated $24.26B in revenue from its intelligent cloud unit and $18.59B from its productivity unit. Microsoft said that cloud services revenue, which is mostly comprised of Azure, grew 29%, or 28% year-over-year in constant currency. More personal computing, which includes Windows, accounted for $13.67B in revenue during the period. 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