Microsoft beat analysts' revenue projections by nearly $1 billion when it announced earnings for the fourth quarter of its 2019 fiscal year, as its cloud division Azure continues its path of strong expansion
New York Microsoft beat analysts' revenue projections by nearly $1 billion when it announced earnings for the fourth quarter of its 2019 fiscal year, as its cloud division Azure continues its path of strong expansion.
Revenue for the quarter was $33.7 billion, up 12% from the previous year and well above analyst forecasts of $32.8 billion. The company reported adjusted earnings per share for the quarter of $1.37, compared to analyst expectations of $1.21. It also announced full-year revenue of $125.8 billion, up 14% from the prior year. Microsoft's stock was up 2.7% after hours to about $140.
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