Microsoft Corporation MSFT shares traded higher after reporting a fourth-quarter earnings beat.
Adjusted earnings came in at $1.37, beating estimates by 16 cents. Sales came in at $33.7 billion, beating estimates by $950 million.
“It was a record fiscal year for Microsoft, a result of our deep partnerships with leading companies in every industry,” said CEO Satya Nadella. "Every day we work alongside our customers to help them build their own digital capability - innovating with them, creating new businesses with them, and earning their trust. This commitment to our customers’ success is resulting in larger, multi-year commercial cloud agreements and growing momentum across every layer of our technology stack.”
Highlights
- Revenue increased 12%
- Operating income increased 20% year-over-year
- $7.7 billion shares repurchased
Microsoft shares traded higher by 1.2% at $138.30 in Thursday's after-hours session.
Related Links:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
