1 month ago
Stock Market

Microsoft Q2 Results Fall Slightly Below Forecasts

Investing.com - Microsoft (NASDAQ:MSFT) shares slid more than 2% after hours after reporting a slight beat on fiscal-second-quarter earnings but

Investing.com - Microsoft (NASDAQ:MSFT) shares slid more than 2% after hours after reporting a slight beat on fiscal-second-quarter earnings but a slight miss on revenue.

After Wednesday's close, the software giant reported non-GAAP earnings per share of $1.10 on revenue of $32.47 billion. Analysts polled by Investing.com had forecast EPS of $1.09 on revenue of $32.53 billion, up 12% from a year ago. A year ago, Microsoft reported 96 cents a share on revenue of $28.92 billion. The company said it earned $1.14 a share on revenue of $29.08 billion in the company's first-fiscal quarter.

Shares were off 2.1% to $104.21. The shares had risen 3.3% to $106.38 in regular trading.

Revenue in its Intelligent Cloud business, which includes its Azure cloud operations, was up 20% from a year ago, The Azure operations saw a 76% gain, similar to the first quarter.