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Microsoft Beats Wall Street Q4 Estimates Powered By Cloud Computing

By John F. Heerdink, Jr.

Microsoft (MSFT) reported Q4 earnings last week, exceeding Wall Street estimates powered its fast-growing cloud computing business. The tech giant reported revenue of $38 billion vs. $35.5 billion expected. Earning Per Share of $1.46 was reported higher than $1.36 expected. It’s Intelligent Cloud unit which includes its powerful Azure platform contributed $13.4 billion in revenue vs. $13.1 billion expected, a 17% increase over the same quarter last year. Microsoft did not break out its Azure revenue but reported 47% growth for the cloud platform.

“The last five months have made it clear that tech intensity is the key to business resilience. Organizations that build their own digital capability will recover faster and emerge from this crisis stronger,” stated Satya Nadella, Microsoft’s CEO. 

Microsoft’s Productivity and Business Processes unit, including its commercial and consumer Office 365 businesses and LinkedIn, rose 6% to $11.8 billion. The company witnessed a growth of 1.3 billion, or 64%, with Xbox hardware revenue rising 49%.

Redmond, Washington-based American multinational technology company Microsoft (MSFT) develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and related services. To learn more about Microsoft (MSFT) and to track their progress please visit the Vista Partners Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website:www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Microsoft blows past Wall Street estimates, earnings boosted by cloud revenue in Yahoo Finance)


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