Microsoft Shares Tumble Despite Record Quarterly Performance

Microsoft US5949181045

Microsoft Corporation delivered quarterly financial results that, at first glance, appeared exceptionally strong, with both revenue and profit comfortably surpassing market forecasts. However, the market reaction was sharply negative, triggering the stock’s most significant single-day decline in years and erasing hundreds of billions in market valuation. Investor anxiety centered squarely on the performance and outlook for the company’s core cloud computing division, Azure.

For its fiscal second quarter, the technology giant reported a 17 percent increase in total revenue, reaching $81.3 billion. Operating income grew by 21 percent. The bottom line was particularly striking, though it included a notable one-time benefit.

• GAAP Earnings Per Share: $5.16, representing Read more...