Categories Earnings, LATEST, Technology

Microsoft tops Q2 revenue and earnings estimates

Microsoft Corporation (NASDAQ: MSFT) beat revenue and earnings estimates for the second quarter of 2020, allowing shares to gain 2% in aftermarket hours on Wednesday.  

Total revenue rose 14% year-over-year to $36.9 billion, surpassing forecasts of $35.6 billion.  

Microsoft beat Q2 2020 revenue and earnings estimates

GAAP net income increased 38% to $11.6 billion and EPS increased 40% to $1.51. Analysts had projected earnings of $1.32 per share.

Revenue in Productivity and Business Processes increased 17% to $11.8 billion in the quarter. The company saw double-digit increases in Office Commercial and Consumer products and cloud services. LinkedIn revenue increased 24%.

“Strong execution from our sales teams and partners drove Commercial Cloud revenue to $12.5 billion, up 39% year over year,” said Amy Hood, EVP and CFO.

Also read: McDonald’s Q4 2019 Earnings Report

In the Intelligent Cloud segment, revenue rose 27% to $11.9 billion, driven by growth in Server products and cloud services as well as Enterprise Services. Azure revenue grew 62% year-over-year.

Revenue in More Personal Computing grew 2% to $13.2 billion with growth across all divisions except Xbox content and services which decreased 11%.

Microsoft returned $8.5 billion to shareholders in the form of share repurchases and dividends in the second quarter of 2020.

Listen to on-demand earnings calls and hear how management responds to analysts’ questions

Most Popular

Johnson & Johnson to report Q2 earnings on July 16. Here’s what to expect

Johnson & Johnson's (NYSE: JNJ) business strategy for fiscal 2025 is focused on reducing the impact of patent expirations on its revenue. Anticipating sales to benefit from growth initiatives, including

What to expect when United Airlines (UAL) reports its Q2 2025 earnings results

Shares of United Airlines Holdings, Inc. (NASDAQ: UAL) stayed green on Tuesday. The stock has gained 44% over the past three months. The airline company is scheduled to report its

Earnings Preview: Fastenal Company likely to report higher Q2 sales and profit

Fastenal Company (NASDAQ: FAST), a leading provider of industrial and construction supplies, is set to publish its second-quarter results next week. The company is among the hardest hit by the

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