Should Microsoft Be Getting More Out of Q1?
Microsoft released its fiscal first quarter financial results after the markets closed on Wednesday. The firm said that it had $1.38 in earnings per share (EPS) and $33.1 billion in revenue, compared with consensus estimates that called for $1.24 in…
Microsoft Corp. (NASDAQ: MSFT | MSFT Price Prediction) released fiscal first-quarter financial results after markets closed Wednesday. The firm said that it had $1.38 in earnings per share (EPS) and $33.1 billion in revenue, compared with consensus estimates that called for $1.24 in EPS and $32.23 billion in revenue. The same period from last year had $1.14 in EPS and $29.1 billion in revenue.
Microsoft returned $7.9 billion to shareholders in the form of dividends and share repurchases in the first quarter of fiscal year 2020, an increase of 28% compared to the first quarter of fiscal year 2019.
In terms of its segments, the company reported:
- Revenue in Productivity and Business Processes was $11.1 billion and increased 13% (up 15% in constant currency).
- Revenue in Intelligent Cloud was $10.8 billion and increased 27% (up 29% in constant currency).
- Revenue in More Personal Computing was $11.1 billion and increased 4% (up 5% in constant currency).
The company did not offer any guidance in the report. However, there are consensus estimates calling for $1.27 in EPS and $36.02 billion in revenue for the fiscal second quarter.
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Satya Nadella, CEO of Microsoft, commented:
The world’s leading companies are choosing our cloud to build their digital capability. We are accelerating our innovation across the entire tech stack to deliver new value for customers and investing in large and growing markets with expansive opportunity.
Shares of Microsoft closed Wednesday at $137.24, with a 52-week range of $93.96 to $142.37. The consensus analyst price target is $157.39. Following the announcement, the stock was initially down less than 1% at $136.11 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.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
