Microsoft Corporation (NASDAQ: MSFT) stock delivers again; Stock rally continues

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Microsoft Corporation (NASDAQ: MSFT) stock rose over 2% on 24th October, 2019 (as of  11:52 am GMT-4 ; Source: Google finance) after the company posted better than expected results for the first quarter of FY 20 driven by strong demand for Azure, the company’s cloud computing platform. The company has reported 27% increase in the Operating income to $12.7 billion and 21% increase in the net income to $10.7 billion. Further, MSFT has returned $7.9 billion to shareholders in the form of dividends and share repurchases in the first quarter of fiscal year 2020, which represents an increase of 28% compared to the first quarter of FY19. Meanwhile in the first quarter, the company has opened new datacenter regions in Germany & Switzerland. In India the company had partnered with Jio to bring Microsoft Cloud to millions of small businesses.

MSFT in the first quarter of FY 20 has reported the adjusted earnings per share of $1.38, beating the analysts’ estimates for the adjusted earnings per share of $1.24. The company had reported the adjusted revenue growth of 14 percent to $33.1 billion in the first quarter of FY 20, beating the analysts’ estimates for revenue of $32.1 billion.

Moreover, during the first quarter, there has been 36% rise in the revenue from commercial cloud generating $11.6 billion. The revenue from Productivity and Business Processes rose 13% to $11.1 billion, comprising of 13% increase in Office Commercial products and cloud services revenue (up 15% in constant currency) on the back of 25% rise in Office 365 Commercial revenue, 5% increase in Office Consumer products and cloud services revenue due to continued growth in Office 365 Consumer subscribers to 35.6 million and 25% rise in LinkedIn revenue. Dynamics products and cloud services revenue rose 14% on the back of Dynamics 365 revenue growth of 41%. The company has also reported 27% growth in the  revenue of Intelligent Cloud to $10.8 billion. This is due to 30% rise in the Server products and cloud services revenue (up 33% in constant currency) on the back of 59% growth in Azure revenue (up 63% in constant currency) and 7% increase in Enterprise Services revenue.

In addition, the company for the first quarter 2020, has reported 4% increase in More Personal Computing was $11.1 billion. This comprised of 9% rise in Windows OEM revenue, 26% rise in Windows Commercial products and cloud services revenue, 11% increase in Search advertising revenue excluding traffic acquisition costs and flat Xbox content and services revenue.

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