U.S. Markets close in 1 hr 20 mins
  • S&P 500

    4,704.54
    +15.87 (+0.34%)
     
  • Dow 30

    35,870.95
    -60.10 (-0.17%)
     
  • Nasdaq

    15,993.71
    +72.14 (+0.45%)
     
  • Russell 2000

    2,363.59
    -13.42 (-0.56%)
     
  • Gold

    1,861.20
    -0.20 (-0.01%)
     
  • Silver

    24.88
    -0.02 (-0.08%)
     
  • EUR/USD

    1.1369
    -0.0006 (-0.0568%)
     
  • 10-Yr Bond

    1.5890
    -0.0150 (-0.94%)
     
  • Vix

    17.59
    +0.48 (+2.81%)
     
  • GBP/USD

    1.3497
    -0.0003 (-0.0216%)
     
  • USD/JPY

    114.3040
    +0.0520 (+0.0455%)
     
  • BTC-USD

    57,621.95
    -547.61 (-0.94%)
     
  • CMC Crypto 200

    1,402.14
    -65.80 (-4.48%)
     
  • FTSE 100

    7,255.96
    -35.24 (-0.48%)
     
  • Nikkei 225

    29,683.09
    +84.43 (+0.29%)
     

Microsoft Earnings: MSFT Stock Surges on Q4 Sales, EPS Beat

  • Oops!
    Something went wrong.
    Please try again later.
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Microsoft (NASDAQ:MSFT) unveiled its latest quarterly earnings figures after hours Thursday, posting sales and a profit that came in stronger than what the Wall Street consensus estimate predicted.

Microsoft Earnings
Microsoft Earnings

Source: Shutterstock

The tech giant — based out of Redmond, Wash. — announced that for its fourth quarter of its fiscal 2019, it amassed a profit of $1.37 per share on an adjusted basis. This was stronger than the $1.21 per share than analysts called for, according to data compiled by Refinitiv.

Microsoft added that on the revenue front, the business — which has continuing to further its focus to the software side of things — it brought in sales of $33.72 billion. Wall Street predicted the business would rake in revenue of $32.77 billion, per Refinitiv.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

This marks the company’s ninth straight quarter of annualized revenue growth in the double digits, per data compiled by FactSet. Microsoft’s Intelligent Cloud business segment — comprising the Azure public cloud, SQL Server and more — tallied in $11.39 billion in sales for the period, topping the $11.02 billion that Wall Street predicted, according to FactSet.

Azure-based revenue popped 64% year-over-year, although the specific revenue numbers for the software are unclear at this moment. Microsoft added that its Commercial Cloud revenue tallied in $11 billion in sales, a 39% gain compared to the year-ago period.

MSFT stock gained about 2.7% after the bell following the company’s quarterly earnings results. Shares had been gaining about 0.1% during regular trading hours on Thursday.

More From InvestorPlace

The post Microsoft Earnings: MSFT Stock Surges on Q4 Sales, EPS Beat appeared first on InvestorPlace.