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The fiscal year shows greater Microsoft’s revenue and profit than predicted

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The fiscal year shows greater Microsoft’s revenue and profit than predicted
January 31
09:00 2020

The last quarter was extremely successful for the high-tech giant Microsoft. The company’s profit and revenue for the period ended in December has exceeded forecasts.

The net income for the quarter has amounted to $ 11.6 billion. The profit has totaled $ 1.5 per share. For the same period a year earlier, the same indicator was 1.1 US dollars.

The revenue has increased 14% to $ 37 billion. Last year, it was equal to 32.5 billion US dollars.

Analysts forecast earnings of around $ 1.3 per share. The company’s revenue was not expected to exceed $ 35.7 billion.

The revenue for the cloud service and server software business unit has grown nearly 30% to $ 12 billion.

The office application development unit has increased its revenue by  17% – $ 11.8 billion. Sales in the segment of products and services for corporate clients have increased 16%.

Revenue from sales of operating systems, Xbox consoles and Surface devices has grown 2% to $ 13.2 billion.

According to company forecasts, in the next quarter, the revenue may rise to $ 35 billion. According to the results of the fiscal year, the indicator will have to grow by 10%.

At Wednesday’s session, the company’s shares showed an increase of 4%. Since the beginning of this year, Microsoft’s market value has grown by 6.5% to $ 1.25 trillion.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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