Satya Nadella, CEO of Microsoft Corp., speaks at the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. Viva Tech, a three-year event for startups, brings together global technology leaders and entrepreneurs as the French establishment unites behind a drive for more investment in technology in Paris.
Marlene Awaad | Bloomberg | Getty Images
Shares of Microsoft were up 4% in expanded trading on Tuesday after the company reported a second-quarter book profit that exceeded analyst expectations.
This is how the company did it:
- Merits: Adjusted $ 2.03 per share versus $ 1.64 per share as analysts expected, according to Refinitiv.
- Revenue: $ 43.08 billion, versus $ 40.18 billion as expected by analysts, according to Refinitiv.
Microsoft’s revenue grew 17% year over year, up from 12% in the previous quarter, according to a statement.
In the quarter, Microsoft released $ 500 Xbox Series X and $ 300 Series S consoles, along with a small version of its Surface Laptop PC, the Surface Laptop Go. The company also said some of the source code was opened after the company discovered malicious SolarWinds software in its environment.
In terms of guidance, analysts expect $ 38.70 billion in revenue for the third quarter, representing 10.5% annual growth.
Microsoft’s stock is up about 5% since early 2021, while the S&P 500 index is up about 3%.
Executives will discuss the results during a conference call with analysts beginning at 5:30 p.m. Eastern Time.
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