More than solid balance sheet result for Microsoft which, in addition to beating estimates, said it expects better than expected earnings and quarterly revenue for its first fiscal quarter.
In its fiscal fourth quarter, second quarter calendar year, the software and hardware giant reported earnings per share, on an adjusted basis, of $ 2.17, better than the $ 1.92 expected by the consensus; revenue stood at $ 46.15 billion, compared to an estimated $ 44.24 billion, and up 21% year-on-year.
Net income jumped 47%.
Regarding guidance, Microsoft expects revenue for its Productivity and Business Processes segment between $ 14.5 billion and 14.75 billion, higher than the $ 14.07 billion expected from the StreetAccount consensus.
For the Intelligent Cloud division, estimates are between $ 16.4 billion and $ 16.65 billion, higher than an estimated $ 15.71 billion.
For the More Personal Computing segment, the guidance is between $ 12.4 billion and $ 12.8 billion, with the average range just below the $ 12.67 billion expected by the consensus.
Microsoft stock rises by just + 0.20% in afterhours trading.