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Microsoft surpasses Q4 earnings and revenue estimates; stock gains

Tech giant Microsoft (NASDAQ: MSFT) topped quarterly estimates once again when it reported Q4 earnings results today. The company posted adjusted EPS of $1.37 on revenue of $33.72 billion. Analysts had expected Microsoft to post earnings of $1.21 per share on revenue of $32.75 billion. Shares of Microsoft advanced about 1% in the extended trading hours.

Microsoft Q4 2019 earnings - Xbox Live Monthly Active Users 65 million

Server products and cloud services revenue increased 22% driven by Azure revenue growth of 64% in Microsoft’s largest quarter of the year. Gaming revenue declined 10% with Xbox software and services revenue down 3%.

Microsoft Q4 2019 earnings - Gaming revenue declined 10%

Microsoft stock had gained 10% in the last three months and 34% in the year-to-date period.

(This story will be updated shortly)

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After an impressive IPO, Crowdstrike posts upbeat Q1 earnings

In its maiden quarterly results as a public company, CrowdStrike (NASDAQ: CRWD) said its Q1 revenues doubled year-over-year to $96.1 million, surpassing the Street projection of $95.67 million. The top-line was driven by a 116% jump in subscription revenue to $86 million.

Net loss for the first quarter of 2020 narrowed to 47 cents per share from 73 cents a year ago.  This was in line with the Wall Street projection.

crowdstrike earnings
Image courtesy: CrowdStrike

The company said it added 543 net new subscription customers in Q1 to end the quarter with a total of 3,059 subscribers.

Meanwhile, Annual Recurring Revenue (ARR) rose 114% to $364.6 million as of April 30, 2019.

CRWD shares gained 11% following the upbeat earnings results. The stock has more than doubled in its one month at the market.  

Outlook

CrowdStrike also provided guidance for the second quarter and the full year. For the second quarter, it expects adjusted net loss of 23-24 cents per share on revenues of $103 – $104 million.

For the full year, meanwhile, adjusted net loss is projected in the range of 70-72 cents per share on revenues of $430.2 – $436.4 million.

The Sunnyvale, California-based cybersecurity firm had a scintillating initial public offering a month ago when it raised $612 million by floating 18 million shares at $34 apiece. The stock opened for trade in a highly enthusiastic market, which sent its price soaring 70% by the end of the day.

READ: Zscaler could be an ideal cybersecurity stock with long-term prospects

Crowdstrike, founded in 2011, specializes in analyzing user behavior in various devices of a network, and uses this data to identify malicious interferences and cyber threats.

According to the company, its automated threat detection solution can come up with as many as 2.3 million decisions in a second’s time. It’s software, meanwhile, is claimed to have the capacity to successfully finish over 100 billion jobs in just a day.  

It has previously unraveled a few high-profile hack incidents, including tracing the 2016  Democratic National Committee email leak to Russia. It has also revealed the source of 2014 Sony Pictures hack to North Korea, besides helping law enforcement agencies nab the culprits in Chinese espionage on the US.

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