Microsoft Continues to Push Higher in Q4 Report
Microsoft released its fiscal fourth quarter financial results after the markets closed on Thursday. The firm said that it had $1.37 in earnings per share (EPS) and $33.7 billion in revenue, compared with consensus estimates that called for $1.21 in…
Microsoft Corp. (NASDAQ: MSFT | MSFT Price Prediction) released its fiscal fourth quarter financial results after the markets closed on Thursday. The firm said that it had $1.37 in earnings per share (EPS) and $33.7 billion in revenue, compared with consensus estimates that called for $1.21 in EPS and $32.77 billion in revenue. The same period from last year had $1.13 in EPS and $30.09 billion in revenue.
The firm returned $7.7 billion to shareholders in the form of share repurchases and dividends in the fourth quarter of fiscal year 2019.
In terms of its segments, the company reported:
- Productivity and Business Processes revenue was $11.0 billion and increased 14% year over year (up 17% in constant currency).
- Intelligent Cloud revenue was $11.4 billion and increased 19% (up 21% in constant currency).
- More Personal Computing revenue was $11.3 billion and increased 4% (up 6% in constant currency).
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The company did not offer any guidance in the report. However, there are consensus estimates calling for $1.19 in EPS and $32.0 billion in revenue for the fiscal first quarter.
Satya Nadella, CEO of Microsoft, commented:
It was a record fiscal year for Microsoft, a result of our deep partnerships with leading companies in every industry. Every day we work alongside our customers to help them build their own digital capability – innovating with them, creating new businesses with them, and earning their trust. This commitment to our customers’ success is resulting in larger, multi-year commercial cloud agreements and growing momentum across every layer of our technology stack.
Shares of Microsoft closed Thursday at $136.29, with a 52-week range of $93.96 to $139.54. The consensus analyst price target is $147.47. Following the announcement, the stock was up 1.5% at $138.21 in the after-hours trading session.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
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