After the software company released fiscal second-quarter data that exceeded analysts’ expectations, Microsoft shares saw a 2% decrease during extended trading on Tuesday.
The following is the company’s performance in comparison to the consensus of analysts surveyed by LSEG, previously Refinitiv:
Earnings per share were $2.93 as opposed to the predicted $2.78.
Revenue: $62.02 billion as opposed to the predicted $61.12 billion
The business’s Intelligent Cloud division brought in $25.88 billion in revenue, which was 20% more than the $25.29 billion analysts surveyed by StreetAccount had predicted. Enterprise services, GitHub, Nuance, Windows Server, SQL Server, and Azure cloud infrastructure are all included in this area.
Source (CNBC)
