Soft Served (MSFT Earnings)
Software bellwether Microsoft (MSFT) is set to announce second quarter result tonight after the bell with a conference call scheduled for 5:30 p.m. ET.
The current Capital IQ Consensus Estimate calls for Q2 EPS of $1.09 (vs $0.96 a year ago) on revenue growth of about 12.5% to $32.53 billion.
On last quarter's conference call, MSFT management guided Q2 revenues between $31.9-32.7 billion.
Productivity and Business Processes: $9.95-10.15 billion; Office commercial and Dynamics should continue to exhibit double-digit growth.
Intelligent Cloud: $9.15-9.35 billion, including GitHub, with healthy growth in Azure.
More Personal Computing: $12.8-$13.2 billion; OEM Pro revenue growth should be in line with the commercial PC market.
TECHS:
RESULTS:
Reports Q2 (Dec) earnings of $1.08 per share, $0.01 worse than the S&P Capital IQ Consensus of $1.09; revenues rose 12.3% year/year to $32.47 bln vs the $32.53 bln S&P Capital IQ Consensus.
Revenue in Productivity and Business Processes was $10.1 billion and increased 13% (up 13% in constant currency)
Revenue in Intelligent Cloud was $9.4 billion and increased 20% (up 21% in constant currency), with the following business highlights:
Server products and cloud services revenue increased 24% (up 24% in constant currency) driven by Azure revenue growth of 76% (up 76% in constant currency).
Enterprise Services revenue increased 6% (up 7% in constant currency).
Revenue in More Personal Computing was $13.0 billion and increased 7% (up 7% in constant currency)
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