For Microsoft, strong earnings and revenue, solid guidance for the current quarter

New York

Microsoft the stock rose in the Wall Street aftermarket as the company reported a huge increase in revenue.

According to Microsoft, the company’s revenue rose nearly 22 percent year-on-year, the fastest pace since 2018. Revenue rose 21 percent in the previous quarter. Net income rose 48 percent year-over-year to $ 20.5 billion.

The company’s share was up 0.1 percent in the secondary market at 00:26 Finnish time.

Microsoft ‘s adjusted earnings per share were $ 2.27 when Refinitivin the analyst forecast expected a $ 2.07 result. The company had revenue of $ 45.32 billion in July-September, while an analyst forecast compiled by Refinitiv pushed revenue to $ 43.97 billion.

Net sales from smart cloud services, which also include fast-growing Azure smart cloud services, rose 31 percent from the comparison period to $ 16.96 billion. Analysts forecast $ 16.51 billion.

Net sales of Azure cloud services increased by 50 percent from the comparison period. An analyst forecast compiled by CNBC boosted 47 percent growth and the research company StreetAccountin forecast 48 percent growth.

Microsoft forecasts revenue of $ 50.15-51.05 billion for the current quarter, as analytics service Refinitiv’s consensus forecast pushed $ 48.92 billion.

Productivity and Business Processes revenue grew 22 percent year-over-year to $ 15.04 billion as the consensus forecast collected by StreetAccount dropped $ 14.67 billion. The unit includes revenue from Office 365 office software and social media from LinkedIn, among others.

The Personal Computing unit’s revenue, which includes, for example, Xbox gaming machines and Windows operating systems, increased 12 percent from the comparison period to $ 13.31 billion, while analysts forecast revenue of $ 12.72 billion.

According to the company, there were difficulties in delivering PCs, but otherwise sales of PCs were strong, according to the company.

Source: Arvopaperi by

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