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- Microsoft results announced
- Founded: 1975
- Headquarters: Redmond, Washington
- Number of employees: 221,000
- Industry: Technology
- Key people: Satya Nadella (CEO), Amy Hood (CFO)
- 5 day: +2.43%
- 1 month: +10.17%
- 3 months: +20.85%
- Year-to-date: +8.66%
- 1 year: +64.88%
- Wedbush: $450
- Piper Sandler: $455
- BNP Paribas: $471
- BMO Capital Markets: $420
- Mizuho: $450
- Argus: $430
- Tigress Financial: $475
- Royal Bank of Canada: $390
- Evercore ISI: $432
- Barclays: $425
- HSBC: $413
- Citigroup: $432
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
- Reduce your risk and hedge your existing positions ahead of a new trading day
- Extended trading hours on popular US stocks means extended opportunities
News & AnalysisMicrosoft Corporation (NASDAQ: MSFT) recently overtook Apple Inc. (NASDAQ: AAPL) as the largest company in the world, reaching $3.036 trillion market cap. On Tuesday, the company announced its latest financial results. Let’s see how the company performed.
The US tech giant reported revenue that exceeded Wall Street expectations at $62.02 billion for FY24 Q2 (up by 18% year-over-year) vs. $61.141 billion estimate.
Earnings per share (EPS) reached $2.93 vs. $2.771 per share expected. EPS was up by 33% vs. the same period the year before.
Company overview
CEO and CFO commentary
“We’ve moved from talking about AI to applying AI at scale. By infusing AI across every layer of our tech stack, we’re winning new customers and helping drive new benefits and productivity gains across every sector,” Satya Nadella, CEO of the company highlighted what’s driving the business in a press release.
Amy Hood, CFO of Microsoft, also chipped in to emphasize what helped the company achieve the high level results in the previous quarter: “Strong execution by our sales teams and partners drove Microsoft Cloud revenue to $33.7 billion, up 24% (up 22% in constant currency) year-over-year.”
Stock reaction
Shares were flat at market close on Tuesday, trading at $408.49 a share. There wasn’t much movement in the stock in the after-hours following the latest resulst were announced. One to watch at the open on Wednesday.
Stock performance
Microsoft stock price targets
You can trade Microsoft Corporation (NASDAQ: MSFT) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go
to “Trading” then select “Share CFDs”.GO Markets offers pre-market and after-market trading on popular US Share CFDs.
Why trade during extended hours?
Sources: Microsoft Corporation, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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