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Microsoft Earnings Exceed Expectations

Microsoft

Microsoft officially unveiled their Q2 earnings following the bell on Tuesday which barely missed analysts’ expectations on revenue while exceeding expectations on earnings per share, according to Yahoo Finance.

Following the news, shares of Microsoft were up more than 4%.

According to Bloomberg, here ae the critical numbers vs. what analysts were expecting from the quarter:

  • Revenue: $52.7 billion vs. $52.9 billion expected
  • Adjusted EPS: $2.32 vs. $2.30 expected
  • Productivity and Business processes: $17 billion vs. $16.8 billion expected
  • Intelligent Cloud: $21.5 billion vs. $21.4 billion expected
  • More Personal Computing: $14.2 billion vs. $14.7 billion expected

“The next major wave of computing is being born, as the Microsoft Cloud turns the world’s most advanced AI models into a new computing platform,” said Satya Nadella, chairman and chief executive officer of Microsoft. “We are committed to helping our customers use our platforms and tools to do more with less today and innovate for the future in the new era of AI.”

“We are focused on operational excellence as we continue to invest to drive growth. Microsoft Cloud revenue was $27.1 billion, up 22% (up 29% in constant currency) year-over-year as our commercial offerings continue to drive value for our customers,” said Amy Hood, executive vice president and chief financial officer of Microsoft.

  Three Months Ended December 31,  
 ($ in millions, except per share amounts) Revenue Operating Income Net Income Diluted Earnings per Share
2021 As Reported (GAAP) $51,728 $22,247 $18,765 $2.48
2022 As Reported (GAAP) $52,747 $20,399 $16,425 $2.20
Severance, hardware-related impairment, and lease consolidation costs 1,171 946 0.12
2022 As Adjusted $52,747 $21,570 $17,371 $2.32
Percentage Change Y/Y (GAAP) 2% (8)% (12)% (11)%
Percentage Change Y/Y Constant Currency 7% 0% (4)% (3)%
Percentage Change Y/Y (As Adjusted) 2% (3)% (7)% (6)%
Percentage Change Y/Y (As Adjusted) Constant Currency 7% 6% 1% 2%

 

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