Microsoft report beating expectations
Microsoft reported revenues of $51.7 billion, increased 20% and operating income of $22.2 billion, increased 24%, for the quarter ending December. Earnings per share was $2.48 and increased 22%.
The company forecasted revenue for the current quarter ahead of expectations partly explained by its Intelligent Cloud unit. After falling in New York after-hours trading, shares went up.
“Digital technology is the most malleable resource at the world’s disposal to overcome constraints and reimagine everyday work and life,” said Satya Nadella, chairman and CEO.
“As tech as a percentage of global GDP continues to increase, we are innovating and investing across diverse and growing markets, with a common underlying technology stack and an operating model that reinforces a common strategy, culture, and sense of purpose.”
Amy Wood, executive VP and CFO said that ”solid commercial execution, represented by strong bookings growth driven by long-term Azure commitments, increased Microsoft Cloud revenue to $22.1 billion, up 32% year over year”.
Apple´s report is coming later in the week with Meta, Alphabet and Amazon following a week later.
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