Earnings Alerts

Microsoft Corp (MSFT) Earnings Surpass Expectations with 2Q Revenue Beating Estimates

By January 31, 2024 No Comments
  • Microsoft’s 2nd quarter revenue surpassed estimates, coming in at $62.02 billion instead of the projected $61.14 billion.
  • Productivity and Business Processes revenue also exceeded expectations, reaching $19.25 billion, beating the estimate of $19.03 billion.
  • Intelligent Cloud revenue was another area of growth, with earnings of $25.88 billion, higher than the estimated $25.29 billion.
  • More Personal Computing revenue amounted to $16.89 billion, a slight increase from the estimated $16.8 billion.
  • Earnings per share (EPS) stood at $2.93.
  • Operating income for the quarter was reported at $27.03 billion.
  • Capital expenditure for the period totalled $9.74 billion.
  • Revenue at constant currency increased by 16%.
  • Microsoft’s performance was well-received by analysts, with 60 buys, 5 holds, and 0 sells.

Microsoft Corp on Smartkarma

Microsoft Corporation has been receiving positive analyst coverage on Smartkarma, an independent investment research network. According to Baptista Research, Microsoft’s recent quarterly result was a major success, propelled by their focus on AI and cloud technology. The company has consolidated its data sector under the Microsoft Intelligent Data Platform, which has led to increased adoption of their data solutions by various organizations. Microsoft’s impact is not limited to the tech industry, as they are also aiding organizations in healthcare and the public sector in navigating the era of AI.


A look at Microsoft Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Microsoft Corp has been performing well in the software industry, with an overall positive outlook for the company’s future. According to the Smartkarma Smart Scores, Microsoft received a score of 2 for Value, indicating that the company is undervalued and has potential for growth. Additionally, Microsoft scored a 1 for Dividend, indicating that the company may not be providing high dividends to its shareholders. However, the company received a high score of 4 for both Growth and Resilience, showing that Microsoft is expected to have strong growth and can withstand market fluctuations. Furthermore, Microsoft received a top score of 5 for Momentum, indicating the company’s strong momentum and potential for continued success in the future. With its wide range of applications, extra cloud storage, and advanced security solutions, Microsoft is well-positioned to continue serving customers worldwide for years to come.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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