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 writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
