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Microsoft fell more than 2% in premarket trading

Tiger Newspress2021-04-28

Microsoft fell more than 2% in premarket trading,and its operating profit margin fell in the third quarter.

Microsoft Results Beat in Q1 as Cloud Growth Gathers Pace

Microsoft reported Tuesday first-quarter results that beat consensus estimates, led by strong growth in its cloud division as businesses continue to move workloads to the cloud.

The company announced earnings per share of $1.95 on revenue of $41.71B. Analysts polled by Investing.com anticipated EPS of $1.78 on revenue of $41.04B.

Revenue in productivity and business processes was up 15% to $13.6 billion and its intelligent cloud business, which includes cloud business Azure, grew 23% to $15.1 billion.

The company said Azure grew 50% in the quarter, compared with estimates for 46%.

"Azure revenue growing 50% which we note is well above bullish Street whisper expectations of 46% heading into the print," Wedbush said in a note.

Revenue in personal computing was up 19% to $13 billion as demand for its tablets and laptops continued to benefit from work from home trend.

"Over a year into the pandemic, digital adoption curves aren’t slowing down. They’re accelerating, and it’s just the beginning,” said Satya Nadella, chief executive officer of Microsoft.

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Comment17

  • JimmyT
    ·2021-04-30
    All the cylinders are moving with great results, of course the share price is down.[捂臉] 
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  • Novakayne
    ·2021-04-29
    Bought it!
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  • YsL
    ·2021-04-28
    Great
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  • mummumtumtum
    ·2021-04-28
    Interested to know who are the ones selling, are they cashing out of some gains or doing some portfolio rebalancing?
    Reply
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  • keaty
    ·2021-04-28
    What's happening is perhaps taking a break!Hv confident
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  • CWen
    ·2021-04-28
    ???
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  • Mochizuki
    ·2021-04-28
    Oh no. Boo hoo. Does this spell doom for Microsoft? Stay tuned for utterly baseless news. 
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    • Auteur
      ?
      2021-04-29
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  • S2ki
    ·2021-04-28
    The 
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  • Bll
    ·2021-04-28
    Help to like and comment pls! Thanks
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    • BABYReplying toBig__Boss
      Hi
      2021-04-28
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    • Big__Boss
      like and comment pls
      2021-04-28
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    • BABY
      Ok
      2021-04-28
      Reply
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  • iImba
    ·2021-04-28
    Come down to pick me up 
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  • koolgal
    ·2021-04-28
    It's time to buy more
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    • koolgal
      Thanks
      2021-05-01
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    • koolgal
      Great minds think alike
      2021-04-29
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    • koolgal
      Agree
      2021-04-28
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    View more 1 comments
  • BigBigBigGum
    ·2021-04-28
    Xbox Game Pass Ultimate 36 months lock and loaded! Take my $$$ and boost that share price!
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  • Cybernesh
    ·2021-04-28
    Will be back up soon!
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  • tayasn
    ·2021-04-28
    I believe this is just short term. MSFT is well positioned for the future!
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  • Chimpsey
    ·2021-04-28
    This will. Be temporarily. Up and up again soon. Buy now. Hold long term. 
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  • DZJ1976
    ·2021-04-28
    Buy the dip! 
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  • Jieshenggoh
    ·2021-04-28
    Will be back very soon ! 
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