The More Personal Computing segment, containing Windows, gaming, devices and search advertising, generated $15.12 billion in revenue, which was up 14% and came in higher than the $13.47 billion FactSet consensus estimate. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Microsoft also stopped supporting the Windows Server 2008 operating system in mid-January, six months after it ended support of the SQL Server 2008 database software. Microsoft (NASDAQ:MSFT) Q2 2021 Earnings Call Jan 26, 2021, 5:30 p.m. All Rights Reserved. Microsoft’s commitment to … VIEW BLOG. X The Redmond, Wash.-based company earned $2.03 a share on sales of … The segment includes the Azure public cloud, server products such as Windows Server, GitHub and enterprise services. The most high-profile win for Azure in the quarter came from the U.S. Department of Defense, which awarded the controversial Joint Enterprise Defense Infrastructure (JEDI) cloud contract to Microsoft, worth up to $10 billion over a decade. "Partners commented this quarter that they have seen Azure investments continue to increase significantly, as well an effective enterprise sales force focused on driving Azure adoption and usage.". All Rights Reserved. Microsoft revenue grew 17% on an annualized basis, up from 12% growth in the prior quarter, according to a statement. Satya Nadella - … Other significant developments in the quarter included the unveiling of new Surface devices and the announced acquisition of data migration start-up Mover. Azure revenue growth accelerated and came in above analysts' expectations for the quarter. VIEW DETAILS. Technology industry research company Gartner estimated that PC shipments, excluding Chromebooks, grew 10.7% in the quarter. Microsoft MSFT reported second-quarter fiscal 2021 non-GAAP earnings of $2.03 per share, which beat the Zacks Consensus Estimate by 23.8%. Microsoft said Azure revenue grew 50%. With respect to guidance, Microsoft sees $40.35 billion to $41.25 billion in fiscal third-quarter revenue. https://www.cnbc.com/2020/01/29/microsoft-msft-earnings-q2-2020.html Got a confidential news tip? Jan 21, 2021 10:03AM EST. We want to hear from you. Industry analysis firm IDC said this month that fourth-quarter PC shipments grew 4.8% year over year to 71.8 million, leading to the first full year of growth since 2011. Microsoft’s Q2 2021 earnings show a strong gaming business and Surface growing to a $2 billion business. 2020 Annual Report. In the fiscal second quarter, revenue from Microsoft's Intelligent Cloud business segment totaled $14.60 billion. The middle of the range, at $40.8 billion, implies 16.5% growth and is higher than the $38.70 billion consensus among analysts polled by Refinitiv. On Tuesday, Microsoft revealed its quarterly earnings report for Q2 of its fiscal year 2021 – or Q4 of calendar year 2020. We want to hear from you. Microsoft beat expectations for earnings and revenue, as well as its revenue forecast for the current quarter. VIEW DETAILS. This compares to earnings … Microsoft released earnings for the second quarter of fiscal year 2021 on Jan. 26, 2021. Revenue was up 23% year over year and above the $13.77 billion consensus among analysts polled by FactSet. Your average analyst would have settled for earnings of roughly $1.64 per share on revenue near $40.2 billion. Hood also said she now thinks that for the full 2020 fiscal year, which ends on June 30, Microsoft will increase its operating margin by 2 percentage points, suggesting about 36%, thanks to the company's results in the first half and the product sales mix in the second half. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Microsoft reported another fantastic quarter with 17% revenue growth. Microsoft (MSFT) delivered earnings and revenue surprises of 23.78% and 7.36%, respectively, for the quarter ended December 2020. Microsoft included a new risk factor about government work in its latest quarterly earnings statement. Microsoft's (NASDAQ:MSFT) pre-earnings analysis will be started with a chart from April 1 '13 to 12/31/20, showing the total return of the software giant versus the total return of … © 2021 CNBC LLC. On Tuesday Microsoft stock closed at $232.33 per share, posting a new all-time high for the first time since September. In the fiscal second quarter, revenue from Microsoft's Intelligent Cloud business segment totaled $14.60 billion. The middle of the range, $34.5 billion, implies about 13% annualized growth and exceeds the $34.14 billion consensus among analysts polled by Refinitiv. Amy Hood, Microsoft's finance chief, said during a conference call with analysts that she expects double-digit revenue growth and "healthy operating-margin expansion" for the full fiscal year, which ends on June 30, even after a change in the useful life of servers and savings related to the coronavirus. Microsoft reported adjusted EPS for Q2 FY 2021 that beat analyst estimates. Get this delivered to your inbox, and more info about our products and services. by Surur . Excluding the after-hours move, Microsoft shares are up around 5% since the start of 2021, while the S&P 500 index is up about 3%. Read the full earnings … Microsoft's OEM non-Pro revenue, from Windows licenses for non-commercial PCs, increased 4%, the fastest growth since 2016. How customers accelerated industry innovation during a year of disruptive change. Microsoft will give investors a peek at the impact of selling new video game consoles when it reports third-quarter earnings on Tuesday. End of support for Windows Server 2008 contributed to the Intelligent Cloud growth, Microsoft said on Wednesday. Azure, Teams & Xbox Adoption to Aid Microsoft (MSFT) Q2 Earnings. The Productivity and Business Processes segment, including Office, LinkedIn and Dynamics, put up $11.83 billion in revenue, up 17% and higher than the FactSet analyst consensus of $11.42 billion. The company also said some of its source code had been accessed after the company had detected malicious SolarWinds software in its environment. EPS … Microsoft (MSFT) came out with quarterly earnings of $2.03 per share, beating the Zacks Consensus Estimate of $1.64 per share. 2020 Proxy Statement. Microsoft stock rose as much as 6% in extended trading on Tuesday after the company reported fiscal second-quarter earnings Azure cloud revenue growth and quarterly revenue guidance that exceeded analysts' expectations. The OEM Pro category, representing revenue from Windows licenses for commercial PCs, grew 26%, up from 19% one quarter earlier and the fastest growth at least since 2014, as companies kept moving to Windows 10. Got a confidential news tip? "We may be subject to government audits and investigations relating to these contracts, we could be suspended or debarred as a governmental contractor, we could incur civil and criminal fines and penalties, and under certain circumstances contracts may be rescinded," the company said. Sign up for free newsletters and get more CNBC delivered to your inbox. Analysts polled by FactSet had expected a 26% margin from the segment. The earnings news pushed Microsoft stock higher in extended trading. Another quarter, another booming earnings report from Microsoft.But what’s notable for Q2 2021is that it isn’t just the cloud driving the company forward this time. Follow @CNBCtech on Twitter for the latest tech industry news. @mspoweruser. The segment's operating margin narrowed to 34.6% from 40% following the introduction of two Xbox video-game consoles in November. Microsoft (MSFT) reported Q2 2021 earnings on January 26, 2021. Additionally, rival Salesforce said it would tap Azure to run its Marketing Cloud service. Microsoft Corporation (NASDAQ:MSFT) Q2 2021 Earnings Conference Call January 26, 2021 5:30 PM ET. She said gaming revenue would grow around 40% in the fiscal third quarter, down sequentially from 51%. A Division of NBCUniversal. It did not mention JEDI by name in the risk factor, despite that Amazon is currently challenging the contract award in court. Michael Spencer - General Manager, IR. A Division of NBCUniversal. Microsoft doesn't disclose Azure revenue in dollars. Piper Sandler analysts led by Brent Bracelin, who have the equivalent of a buy rating on Microsoft stock, wrote in a note last week that those actions could "turn into potential growth headwinds this year.". Get this delivered to your inbox, and more info about our products and services. Revenue guidance for the company quarter beat expectations. Microsoft reports Q2 FY21 earnings, makes $17.9 billion profits. Sales of new Xbox consoles didn't hurt the margin of the Windows business as much as analysts had expected. Analysts had expected around 42% growth. The pandemic hasn’t slowed Microsoft’s march to profits as it rounded out an arguably disruptive 2020 calendar, on a high note. Last year IDC said that businesses were upgrading to Windows 10 before the end of support for Windows 7 this month. Earnings increased by 34% to $2.03 per diluted share. Microsoft Shares Gain After Q2 Earnings Beat, Solid Cloud And Gaming Outlook. Microsoft's machine continues to execute very well, says Griffin Securities' Vleeschhouwer, released $500 Xbox Series X and $300 Series S consoles. Azure growth for the quarter came in at 62%, decelerating from 76% a year ago but beating an estimate from Goldman Sachs analysts, who predicted growth of 58%, and accelerating from the prior quarter. Zacks Equity Research Zacks Published. Data is a real-time snapshot *Data is delayed at least 15 minutes. Microsoft's biggest segment, More Personal Computing, containing Windows, Surface, Xbox and Bing, contributed $13.21 billion in revenue, up 1.6% year over year and above the $12.85 billion consensus among analysts surveyed by FactSet. Microsoft FY21 Q2 Earnings. A look back on 2020. "Our partner conversations this quarter continued to emphasize Azure's momentum, which is enabling the company to significantly outpace the overall market's growth," Goldman Sachs analysts led by Heather Bellini wrote in a Monday note. The company now has 18 million people subscribing to the Xbox Game Pass service for accessing dozens of games, up from 15 million in September. ET. Microsoft posted $43.1 billion in revenue for its fiscal second quarter — a 17% increase from the same period in the prior year and well above the $40.2 billion analysts had predicted. This compares to earnings of $1.51 per share a year ago. Microsoft reported its FY21 Q2 earnings today, bringing in a massive $43.1 billion up 17 percent year over year from $36.9 billion. Ahead of the second-quarter earnings report, analysts called for continuing strength at Azure, which trails Amazon Web Services in cloud infrastructure, even though growth has been slowing. In July she had told analysts to expect a "stable" operating margin for the fiscal year ahead. Jan 26, 2021 at 21:06 GMT 4 days ago. VIEW DETAILS. Microsoft shares rise on revenue and earnings beat. Microsoft Corporation's (MSFT) CEO Satya Nadella on Q2 2021 Results - Earnings Call Transcript Tue, Jan. 26 • 4 Comments Microsoft Corporation 2021 Q2 - Results - Earnings Call Presentation Microsoft doesn't disclose Azure revenue in dollars. Submit by Friday, Feb. 12, at 3 pm EST. On a year-over-year basis Microsoft's revenue rose 14% in the quarter, which ended on Dec. 31, according to a statement. She said her revenue guidance range for the More Personal Computing segment, at $10.75 billion to $11.15 billion, was wider than usual because of "uncertainty related to the public health situation in China.". Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Data is a real-time snapshot *Data is delayed at least 15 minutes. © 2021 CNBC LLC. Revenue also exceeded expectations, rising at a robust pace compared to the same three-month period a year ago. Company Participants. Nominations are open for the 2021 CNBC Disruptor 50, a list of private start-ups using breakthrough technology to become the next generation of great public companies. Microsoft today announced their FY Q2 2021 results for the quarter ended December 31, 2020, and, as compared to the corresponding period of last fiscal year, the company delivered the following outstanding numbers: Azure revenue growth came in at 62%, higher than what some analysts had predicted. January 26, 2021. The Productivity and Business Processes segment, including Office, Dynamics and LinkedIn, produced $13.35 billion in revenue, which was up 13% and more than the $12.89 billion consensus. Do the numbers hold clues to … Microsoft shares have been on a steady rise, jumping 63% in the past year, propelled by growth in the company's Azure public cloud business and Office 365 productivity suite. Sign up for free newsletters and get more CNBC delivered to your inbox. Financial officers attribute the success to the ongoing impact of COVID on business operations along with the release of the Xbox Series X/S. In the quarter Microsoft released $500 Xbox Series X and $300 Series S consoles, along with a small version of its Surface Laptop PC called the Surface Laptop Go. This is the quarter that ended on Dec. 31, 2020. Microsoft stock moved 4% higher in extended trading on Wednesday after the company announced stronger-than-expected fiscal second-quarter results and revenue guidance for the next quarter. M icrosoft (MSFT) came out with quarterly earnings of $2.03 per share, beating the Zacks Consensus Estimate of $1.64 per share. Microsoft Reports Earnings, Showing Marked Q2 Growth Microsoft released its quarterly earnings report on Tuesday, bringing in over $43.1 billion of revenue, up 17 percent from the previous quarter. 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