Microsoft Continues to Push Higher in Q4 Report

July 18, 2019 by Chris Lange

Microsoft Corp. (NASDAQ: MSFT) 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).

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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