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published in Blogs
Apr 28, 2021
Microsoft (MSFT, $254.66) beats fiscal Q3 earnings expectations

Microsoft (MSFT, $254.66) beats fiscal Q3 earnings expectations

Microsoft  posted its fiscal third quarter earnings that surpassed analysts’ expectations – in the ninth consecutive quarter.

The software behemoth’s earnings for the quarter came in at $1.95 a share, compared to  $1.77 a share expected by analysts polled by FactSet.

Revenue of $41.7 billion also beat estimates of $40.83 billion. Revenue grew at +19% annualized rate – the biggest quarterly growth since 2018. PC sales was a major contributor to growth.

The company said its Azure public cloud grew +50%, faster than the +46% growth analysts had expected, according to a CNBC review of 14 equity research notes. In the prior quarter Azure revenue climbed 50%.

For its fiscal fourth quarter, Microsoft is expecting $43.6 billion to $44.5 billion in revenue, compared to the $42.98 billion consensus estimate of analysts polled by Refinitiv.

 

 

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