Well it shouldn’t have been any surprise Microsoft Earnings today, at least not to those paying attention to the way they run things now, forget your old copies of office, those will be obsolete, its on to yearly subscriptions and constant revenue stream! Anyway here are the details per Zhedge:
Q2 Revenue $43.1BN, (Exp. $40.2)
Q2 EPS $2.03. (Exp. $1.64)
Intelligent Cloud revenue $14.60 billion, +23% y/y
Server products and cloud services revenue increased 26% driven by Azure revenue growth of 50%
Productivity and Business Processes revenue $13.35 billion, +13% y/y, estimate $12.94 billion
Operating income $17.90 billion, +29% y/y, ( Est. $14.84b)
After hours trading MSFT + 3.8% to $241.15
Office 365 much! Another juicy highlight was the $10 billion in share repurchases and dividends in 2020, no wonder the Nasdaq is booming right? Speaking of let’s look at Magnelibra’s Prop spread chart of the NQ vs SP futures:
