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Microsoft (NASDAQ: MSFT) 4Q19 Results: Beats Consensus Estimates, Strong Cloud Growth, 2020 Revenues to Be Up Double Digits

Executive Summary

  • 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.

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