Categories AlphaGraphs, Earnings, Technology

Earnings: Microsoft (MSFT) stock gains as Q2 results beat estimates

Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported higher revenues and earnings for the second quarter of 2021. The results also topped expectations and the software giant’s shares rose during the extended trading session.

At $43.1 billion, second-quarter revenues were up 17% from the comparable period of fiscal 2020 and above analysts’ forecast. Server products and cloud services revenue advanced 26%, with Azure growing 50%.

Net income came in at $15.5 billion or $2.03 per share in December-quarter, compared to $11.56 billion or $1.51 per share in the second quarter of 2020. The bottom-line also came in above estimates.


Read management/analysts’ comments on Microsoft’s Q2 report


Microsoft’s shares gained on Tuesday evening as the strong results spurred a rally, after closing the regular session higher.

  • Microsoft (MSFT) Q4 2020 Earnings Infograph
  • microsoft Q2 2020 earnings infographic

Most Popular

Stitch Fix (SFIX) Stock: Will the innovative biz model survive virus-led slump?

The business world is still struggling to come out of the virus-induced slowdown, but it seems almost every retail segment benefited from the pandemic at some point. The vaccination drive

General Mills (GIS): Three factors that are expected to help drive growth for the food company going forward

Shares of General Mills Inc. (NYSE: GIS) were up 3.2% on Wednesday after the company delivered better-than-expected results for the first quarter of 2022. Net sales rose 4% year-over-year to

IPO Alert: Allvue Systems sets IPO terms, to raise around $290 million

It is estimated that the alternative investments industry has expanded at a compound annual rate of 10.2% over the past ten years and had $11 trillion in assets under management

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top