Categories AlphaGraphs, Earnings, Technology

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 (NASDAQ: MSFT)  surpasses Q4 2019 earnings and revenue estimates on strong cloud results

The Redmond, Washington-based company’s GAAP earnings grew 49% to $13.2 billion and GAAP EPS grew 50% to $1.71 in its largest quarter of the year. GAAP results included a $2.6 billion net income tax benefit.

Revenue in Productivity and Business Processes segment increased 14% to $11 billion in Q4 topping the company’s guidance of $10.55 billion and $10.75 billion. Intelligent Cloud revenue surged 19% to $11.4 billion versus the estimated range of $10.85 billion and $11.05 billion. Revenue from More Personal Computing division rose 4% to $11.3 billion compared to the guided range of $10.8 billion and $11.1 billion.

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

“Q4 commercial cloud revenue increased 39% year-over-year to $11.0 billion, driving our strongest commercial quarter ever,” said CFO Amy Hood. Server products and cloud services revenue increased 22% driven by Azure revenue growth of 64% in Microsoft’s largest quarter of the year.

Xbox Live monthly active users grew by 14% to 65 million. Xbox hardware revenue declined 48% and Xbox software and services revenue dropped 3%. Gaming revenue declined 10% with Xbox software and services revenue down 3%.

Microsoft Q4 2019 earnings - Gaming revenue declined 10%

Office Commercial products and cloud services revenue rose 14% driven by Office 365 Commercial revenue growth of 31%. Office Consumer products and cloud services revenue grew 6%. Dynamics products and cloud services revenue increased 12% driven by Dynamics 365 revenue growth of 45%.

LinkedIn revenue grew 25% with strong momentum across all lines of business. LinkedIn sessions grew 22% with record levels of engagement and job postings.

Microsoft Q4 2019 earnings - LinkedIn revenue  growth trend

Last week, Cowen initiated the coverage on Microsoft with Outperform rating and a price target of $150, and Wells Fargo maintained its Outperform rating with increasing the price target to $160 from $145.

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

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