Microsoft Q2 Earnings Highlights: Revenue Beat, EPS Beat, Cloud Growth, 'Applying AI At Scale' And More
Portfolio Pulse from Chris Katje
Microsoft Corporation (NASDAQ:MSFT) reported Q2 revenue of $62 billion, up 18% YOY, beating estimates of $61.12 billion. Adjusted EPS was $2.93, surpassing the $2.76 consensus. The quarter featured the completion of Activision Blizzard's acquisition and significant growth in cloud revenue, with Microsoft Cloud earning $33.7 billion, a 24% increase YOY. CEO Satya Nadella emphasized the application of AI at scale. Segment revenues also saw increases, with Xbox content and services up 61% YOY, largely due to Activision. After-hours trading saw MSFT shares down 1%.
January 30, 2024 | 9:18 pm
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Microsoft reported strong Q2 earnings with revenue and EPS beats, significant cloud growth, and successful integration of Activision Blizzard. The focus on AI and gaming could signal continued innovation and market leadership.
The positive earnings report, with higher-than-expected revenue and EPS, indicates strong company performance and could lead to increased investor confidence. The successful acquisition of Activision Blizzard and the emphasis on AI are likely to be viewed positively by the market, potentially offsetting the slight after-hours dip in share price.
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RELEVANCE 100