CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Microsoft’s earnings and revenue beat estimates

For the fiscal first quarter, Microsoft chalked in US$29.08 billion in revenue, higher than the US$27.90 billion expected by analysts.

Angela Teng @AngelaTeng_IG
Financial Writer, Singapore

Publication date : 2018-10-25T02:40:00+0100

BG_microsoft_323232

Microsoft on Wednesday reported earnings that topped expectations, and its stock rose 4.8% in after-hours trading above the closing price of US$102.32.

For the fiscal first quarter, Microsoft chalked in US$29.08 billion in revenue, higher than the US$27.90 billion expected by analysts.

Earnings per share was at US$1.14, higher compared to US$0.84 per share in the same period a year ago. Analysts had expected earnings of US$0.96 per share.

The company saw strong double-digit growth from many of its core products, such as LinkedIn, and Office 365 productivity suite. The firm’s gaming sales grew by 44% year-on-year.

Microsoft’s cloud computing service Azure saw revenue up by 76%, slipping from the 89% growth in the earlier quarter. Analysts had been expecting an Azure slowdown, with Amazon’s cloud business growing slower. Azure is said to account for 7% of Microsoft’s total annual revenue, according to estimations from analysts at advisory firm Evercore.

For the second quarter, the company expects a US$31.9 billion to US$32.7 billion in revenue, including the contribution from GitHub.

Microsoft’s stock rose up to 4.8% in after-hours trading above the closing price of US$102.32 on Wednesday.

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Find articles by writer

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Professional Clients can lose more than they deposit.

The value of shares and ETFs bought through an IG stock trading account can fall as well as rise, which could mean getting back less than you originally put in. Please ensure you fully understand the risks and take care to manage your exposure.

IG does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of a CFD. IG is not a financial advisor and all services are provided on an execution-only basis. This communication is not an offer or solicitation to enter into a transaction and shall not be construed as such.

IG is a trading name of IG Limited a company registered at 2702 & 2703 Level 27, Tower 2, Al Fattan Currency House, DIFC, Dubai, United Arab Emirates. IG is authorised and regulated by the Dubai Financial Services Authority (DFSA) under reference No. F001780.

The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UAE and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.