Microsoft delivered above expectations on revenue and earnings as the company was able to keep momentum going despite the impact of COVID-19.
Cloud Momentum Powers Another Huge Quarter for Microsoft
Microsoft’s second quarter for FY 2020 saw the company’s momentum continue as Cloud, Productivity and personal computing all show growth.
Microsoft Beat Earnings, Smashes Revenue Estimates
Microsoft beat earnings and smashed revenue estimates in today’s earnings report. While a big deal was made by some of the Azure slowdown in growth, that is to be expected. Microsoft is a company that has momentum. For investors, they are a company that no matter how high the price of the stock goes, it’s hard to bet against them over the long term. I believe the Azure business will settle in and continue double-digit growthI do expect the Azure business to settle in and continue its significant double-digit growth, but hey, 40-70% YoY is a number everyone should feel good about.
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