4.5 C
New York
Saturday, December 3, 2022

Microsoft Shares Down 2% Despite Q1 Beat

Microsoft Shares Down 2% Despite Q1 Beat
© Reuters. Microsoft Shares Down 2% Despite Q1 Beat

 

MSFT
+1.38%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

By Davit Kirakosyan

Microsoft (NASDAQ:MSFT) shares were trading around 2% lower after-hours, despite the company’s reported Q1 results, with EPS of $2.35 coming in better than the consensus estimate of $2.32.

Revenue grew 11% year-over-year (up 16% in constant currency) to $50.1 billion, beating the consensus estimate of $49.86 billion.

Productivity and Business Processes revenue increased 9% (up 15% in constant currency) to $16.5 billion. Intelligent Cloud revenue increased 20% (up 26% in constant currency) to $20.3 billion, while More Personal Computing revenue decreased slightly (up 3% in constant currency) to $13.3 billion.

“In a world facing increasing headwinds, digital technology is the ultimate tailwind. In this environment, we’re focused on helping our customers do more with less, while investing in secular growth areas and managing our cost structure in a disciplined way,” said Satya Nadella, chairman and CEO of Microsoft.

Source: Investing.com

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,282FansLike
12,893FollowersFollow
744FollowersFollow
- Advertisement -

Latest Articles

Popular Articles