Microsoft Earnings Beat with Cloud Revenue Strength

3 months ago

Emily Grafo

"This stock was down as much as 4% in after hours. Now it's only down about one well 2.5% in you know just the first hour of the post market. The earnings EPS and sales were above estimates and then the cloud service revenue did beat average uh the average analyst estimates. So revenue for the first quarter 77.6 billion versus estimates of about 75. Um the EPS also came in above. I mean overall here the stock is down but when you consider the headlines that we're getting out of some other tech companies for this earnings I would say so far so good for Microsoft."

Microsoft delivered earnings and sales that beat estimates and showed robust cloud revenue growth, which is seen as positive despite an early post-market dip.

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