For the September quarter, Microsoft’s fiscal Q1, analysts are modeling the company to earn 69 cents a share on sales of $22.14 billion. The way that Microsoft closed out this fiscal year (shares up 20%) was reflective of the way that it has expanded its market presence across most of its platforms-especially Intelligent Cloud and Azure. Microsoft Corporation makes up approx 0.16% of Northstar Group’s portfolio.Perkins Coie Trust Co boosted its stake in MSFT in the latest quarter, The investment management firm added 676 additional shares and now holds a total of 101,899 shares of Microsoft Corporation which is valued at $5,329,318. The company’s stock was down 1.61 percent in regular trading, but up some 3 percent in after-hours trading (expected, given the results).
Advertisement
“This past year was pivotal in both our own transformation and in partnering with our customers who are navigating their own digital transformations”, said chief executive Satya Nadella.
Microsoft (MSFT – Analyst Report) just released its fourth-quarter earnings results, posting earnings of $0.69 per share and revenue of $22.6 billion.
Vetr increased its shares in the company to a “strong-buy” from a “buy” rating and set a $57.13 target price for Microsoft Corp in a research report posted June 14. Operating income in this segment was up significantly to $0.96 billion, which is a 59% gain compared to a year ago.
Nadella, well into his third year at the helm, has been reorienting Microsoft’s business around cloud and productivity services to fuel growth as traditional software sales shrink. It’s helped drive up Microsoft’s stock price by 15 percent over the past year, despite sluggish sales of PC software and the near-collapse of its floundering smartphone business.
Revenues were still down 7 percent to Dollars 20.61 billion, due to deferral of some Windows revenues, but rose 5 percent excluding currency effects. And yet we still don’t know how many Microsoft is pushing out, as the number includes accessories and older Surface devices.
Year over year, Microsoft’s adjusted revenue declined 2% to $91.9 billion from $93.5 billion. Analysts had a consensus revenue estimate of $22.14 billion for the quarter.
Microsoft’s productivity software business also grew significantly. The company now has roughly 350 million monthly active devices using it, but adoption has been slower-than-expected, despite the fact that the company rolled out the upgrade for free. Sales fell 8.8% to $85.32 billion in fiscal 2016.
The company said that its annual cloud revenue run rate was $12.1 billion.
Advertisement
Excluding traffic acquisition costs, search ad revenue increased 16% or 17% in constant currency as Windows 10 continued to benefit this metric.
