Can Microsoft Go Higher After Another Earnings Beat?

By Staff of Admiral Markets

Access To Financial Markets Made Easy • Oct 28, 2020 at 6:09 AM EDT

Shares in technology giant Microsoft have been rising after the company reported its first-quarter earnings results that beat analyst expectations on several measures.

Shares in technology giant Microsoft (MSFT) have been rising after the company reported its first-quarter earnings results that beat analyst expectations on several measures.

Can Microsoft go higher after another earnings beat?

First-quarter revenue $37.2 billion vs $35.7 billion expected.
Earnings per share $1.82 vs $1.55 expected.
Profit $13.9 billion which is up 30% compared to the same time last year.

Looking at each of the different divisions in Microsoft, the all-important Microsoft Intelligent Cloud business saw revenue rise 20% to $12.99 billion which also beat analyst expectations of $12.78 billion.

It's more well-known part of the business, personal computing (Windows, Xbox, etc), saw revenues of $11.85 billion which also topped analyst estimates. While Microsoft does not report revenue figures for Azure it said that revenue in this division grew 48% year on year.

"The next decade of economic performance for every business will be defined by the speed of their digital transformation," Satya Nadella, Microsoft's CEO, said. "We are innovating across our full modern tech stack to help our customers in every industry improve time to value, increase agility, and reduce costs."

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