Company Earnings Update
Microsoft (NASDAQ: MSFT) 4Q19 Results: Beats Consensus Estimates, Strong Cloud Growth, 2020 Revenues to Be Up Double Digits
Key Points
- Microsoft reported fiscal 4Q19 revenues of $33.72 billion, up 12.1% year over year and beating the $32.77 billion consensus estimate. Adjusted EPS was $1.37, up 21.8% year over year and beating the $1.21 consensus estimate.
- The Intelligent Cloud segment drove growth, with revenues up 18.6% year over year.
- For fiscal 2020, Microsoft guided for double-digit revenue growth, despite a 1% forex headwind, and stable operating margins.
