Microsoft shares rise after it beats revenue, profit expectations, Azure posts 62% growth
https://techcrunch.com/2020/01/29/microsoft-shares-rise-after-it-beats-revenue-profit-expectations-azure-posts-62-growth/
Today Microsoft reported its fiscal 2020 second quarter (calendar Q4 2019) results, including revenue of $36.9 billion (up 14%), net income of $11.6 billion (up 38%), and diluted earnings per share of $1.51.
Investors had expected the company to report profit of $1.32 per share, off revenue of $35.67 billion. The street had anticipated net income of $10.12 billion in net income, as well. The company’s stock is up around 2% in after-hours trading, following the company’s earnings release.