Microsoft blows past Wall Street estimates, earnings boosted by cloud revenue

Microsoft (MSFT) reported quarterly earnings on Wednesday that exceeded Wall Street’s expectations, as the still-raging coronavirus outbreak proved no match for the tech giant’s booming cloud computing business.

However, the company’s stock — one of a clutch of high-flying tech stocks that pushed Microsoft’s market cap well over $1 trillion — fell by nearly 3{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} in after-hours trading.

Here are the most important fiscal Q4 2020 numbers from the report compared to what analysts were expecting as compiled by Bloomberg:

Revenue: $38 billion vs. $35.5 billion expected.

Earnings per share: $1.46 vs. $1.36 expected.

Intelligent Cloud: $13.4 billion