Revenue increased 14% on an annualized basis in the first quarter of Microsoft's 2020 fiscal year, which ended on September 30, according to a statement.. Today Microsoft reported its third-quarter, fiscal 2020 quarter earnings, the period of time corresponding to Q1 2020 on the regular calendar. The Azure public cloud business delivered 59% revenue growth, which is down from the 64% growth one quarter earlier. What games are you most looking forward to play releasing in Q1 2020? For gaming, Q1 2020 and Q2 2020 were disappointments for Microsoft. Last week we updated the Features Timeline to provide visibility to several of our key investments for this quarter. "We see a large diversified business with excellent visibility that has a clear line of sight into double-digit rev growth for the foreseeable future," they wrote in a note to clients. In the previous quarter Microsoft's Intelligent Cloud business segment, which includes Azure, was larger than any other segment for the first time in more than three years. Our global health response team is acting to help protect our employees in accordance with global health authorities’ guidance. Microsoft (NASDAQ:MSFT) Q1 2021 Earnings Call Oct 27, 2020, 5:30 p.m. I'm most looking forward to: DBZ Kakarot - 17-Jan-2020. Microsoft provided the following segment guidance for Q1 2020 fiscal year: In Productivity and Business Processes, we expect revenue between $10.7 and $10.9 billion driven by double digit growth in Office commercial, Dynamics, and LinkedIn. Got a confidential news tip? The Microsoft Security Response Center (MSRC) investigates all reports of security vulnerabilities affecting Microsoft products and services, and provides the information here as part of the ongoing effort to help you manage security risks and help keep your systems protected. newsletter, Microsoft Surface Pro X (2020) review: ARM gets more muscle, Surface Laptop Go review: a case study in cost cutting, Xbox Series X preview: the next gen feels like a PC. Microsoft (MSFT Quick Quote MSFT - Free Report) reported first-quarter fiscal 2021 non-GAAP earnings of $1.82 per share, which beat the Zacks … Microsoft blames the dip … In a surprise move, Microsoft has opted to backpedal on its original decision and will not increase Xbox Live Gold’s cost following significant backlash from gamers. Microsoft's $1.83 per share was well out in from of the $1.53 in the Zacks consensus, ... Microsoft (MSFT) Posts Strong Q1 Earnings Beat. ... PC shipments in third-quarter 2020 improved 3.6% year over year … And now we’re seeing the results of that slowdown: gone are the quarters of 20%+ growth. The biggest news here from a consumer point of view is that Microsoft 365 Consumer subscribers have also increased to 45.3 million. Both Office commercial and consumer are up, with Office 365 Commercial revenue growth up by 21 percent. Microsoft today reported fiscal Q1 2020 earnings, including revenue of $33.1 billion, net income of $10.7 billion, and earnings per share of $1.38. Microsoft only just introduced a new Surface Laptop Go device and updated Surface Pro X earlier this month, but those will count to next quarter’s revenue. Commercial revenue from services and device makers was more than Microsoft had expected, Hood said. Cloud services are the biggest boost to Microsoft’s revenues from the pandemic shift in behavior. Azure revenue itself grew 48 percent. Net income of $13.9bn: Up a whopping 30 per cent from this time last year. 4.1. MICROSOFT Termine - hier erhalten Sie eine Übersicht über alle anstehenden und vergangenen Termine wie Quartalszahlen und Hauptversammlung von MICROSOFT. In the fiscal first quarter, Microsoft said LinkedIn would move to Azure, and announced the acquisitions of cloud migration company Movere, data security company BlueTalon and retail advertising company PromoteIQ. Posted on February 18, 2020. Microsoft posted the first quarter of its 2020 financial results today, reporting revenue of $33.1 billion and a net income of $10.7 billion. Microsoft Q1 profit jumps 21%, tops estimates October 23, 2019 March 30, 2020 Microsoft Corporation ( NASDAQ: MSFT ) reported a 21% jump in earnings for the first quarter of fiscal 2020 as growths in Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments drove the top line higher. Last quarter, Microsoft reported revenue to $38.0 billion and a fall in earnings per share to $1.46. Q1 is typically the company’s worst corner for Surface, and Q1 2020 was no different; Q2 tends to be the best, and Q2 2020 also followed this pattern. 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Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Teams primarily competes with the similar service Slack, offering workspace chat and videoconferencing, file storage, and application integration. We want to hear from you. Microsoft cruises past expectations for fiscal Q1, revenue up 12% to $37.2B, profits up 30% by Taylor Soper on October 27, 2020 at 1:40 pm October 27, 2020 … Microsoft Q4 Fiscal 2020 Earnings Retrospection. Microsoft revealed it has 15 million Xbox Game Pass subscribers last month, but the company hasn’t provided any fresh numbers today. The company's Azure revenue growth declined to 59%. The company earned $37.15 billion during the quarter, compared to analysts' expectations of $35.67 billion. Here's a snapshot of Microsoft's Q1 FY21, the three months to September 30: Total revenues of $37.2bn: Up 12 per cent year over year. The middle of the range, $35.55 billion, was below the $36.02 billion Refinitiv consensus estimate. Bleeding Edge - 24-Mar-2020. Microsoft CEO Satya Nadella said at the beginning of this pandemic that the company had witnessed “two years’ worth of digital transformation in two months.” That transformation appears to be continuing for many businesses, students, and consumers. Microsoft’s public cloud service by grew 48 per cent. Analysts at Evercore, which has the equivalent of a buy rating on Microsoft stock, said in a note distributed to clients on October 18 that they had been expecting 64% Azure growth in the fiscal first quarter. The consoles complement Microsoft’s xCloud game streaming service that launched last month, and the company’s ongoing efforts with Xbox Game Pass. Greetings, and … Microsoft reported its Q1 2020 fiscal year results today. “We expect very strong demand following the launch of our next-generation Xbox Series X and S consoles,” said Microsoft CFO Amy Hood during a call with investors. Oct. 28, 2020 4:33 AM ET Microsoft Corporation (MSFT) 16 Comments 45 Likes. Revenue increased 14% on an annualized basis in the first quarter of Microsoft's 2020 fiscal year, which ended on September 30, according to a statement. Excluding the after-hours move, Microsoft shares are up about 36% since the start of 2020, while the S&P 500 is up 5% over the same period. While the ongoing pandemic continues to force many to work remotely during an economic downturn, Microsoft is benefiting from the shift in the way people are now working, playing games more, and connecting to others through videoconferencing. Michael Wiggins De Oliveira. That’s a big increase for a quarter that hasn’t seen any new Surface devices introduced. Cloud and Office aren’t the only products driving Microsoft’s growth, though. This demand should drive “supply constrained hardware revenue growth of approximately 40 percent” next quarter. Microsoft reported its Q1 2020 earnings on Wednesday, beating analysts’ expectations on the top and bottom line.Here are the most important numbers from … The technology … Microsoft's Productivity and Business Processes unit, which contains Office, LinkedIn and Dynamics, delivered $11.08 billion in revenue. The below graph represents the global revenue of Microsoft Corp., by quarter, starting from fiscal Q1 1996 to Q4 2020. Microsoft attributed the change to more agreements on Microsoft 365, a bundle that includes Windows 10, Office 365 productivity services and mobility and security tools. Earlier this month Jefferies analysts led by Brent Thill upgraded Microsoft stock to buy from the equivalent of a sell rating. Over on the gaming side, Xbox content and services revenue has also increased significantly by 30 percent compared to the same quarter last year. Microsoft continues to boost its revenue and profits during an economic downturn. Microsoft last announced its earnings data on October 27th, 2020. Remote Working Wave to Drive Microsoft's (MSFT) Q1 Earnings. Microsoft reported its Q1 2020 earnings on Wednesday, beating analysts’ expectations on the top and bottom line.Here are the most important numbers from … ET on Zacks.com This S&P 500 ETF Stock Is Way Less Reliable Than You Know Operating income of $15.9bn: A big jump of 25 per cent year over year. Surface continues to bring in $1 billion each quarter. Microsoft's Intelligent Cloud segment has grown in each of the past 13 consecutive quarters, with revenue more than doubling from $6.1 billion in Q1 FY 2017 to $12.3 billion in Q3 FY 2020. The company earned $37.15 billion during the quarter, compared to analysts' expectations of $35.67 billion. Microsoft appears to be bullish about demand for the Xbox Series X and S consoles. Following the second Security Researcher Quarterly Leaderboard and the 2020 MSRC Most Valuable Security Researchers criteria we published in February 2020, we are excited to announce the 2020 First Quarter (Q1) Security Researcher Leaderboard, listing our top contributing researchers for the last quarter.. I'm most looking forward to: DBZ Kakarot - 17-Jan-2020. Azure drove the intelligent cloud revenue growth, and Office 365 and LinkedIn helped the productivity and business processes bucket. Bleeding Edge - 24-Mar-2020. Update, October 27th 6:10PM ET: Article updated with comments from Microsoft’s investor call. Microsoft cruises past expectations for fiscal Q1, revenue up 12% to $37.2B, profits up 30% by Taylor Soper on October 27, 2020 at 1:40 pm October 27, 2020 … During an earnings call with investors, Microsoft CEO Satya Nadella said “PCs have become mission critical,” and that Microsoft is seeing double digit growth in monthly active devices for Windows 10. Server products and cloud services revenue has also increased 22 percent as more businesses rely on cloud services for remote working. Search revenue has decreased by 10 percent, though. Gartner and IDC earlier this month both pointed to the Windows 10 upgrade cycle when they reported increases in PC shipments in the quarter. We need to wait for more details regarding it. Microsoft posted the first quarter of its 2021 financial results today, reporting revenue of $37.2 billion and a net income of $13.9 billion. WATCH: Microsoft partners with SpaceX to … In 2020 overall, Microsoft expects double digit revenue and operating income growth. Microsoft (NASDAQ:MSFT) Earnings Information. Microsoft Azure portal Build, manage, and monitor all Azure products in a single, ... New Azure Firewall certification and features in Q1 CY2020. Microsoft scooped up revenue of $33.1 billion and net income of $10.7 billion during Q1 2020, a very respectable 14 percent year on year increase for revenue and a … More Personal Computing, which comprises Windows, Surface, search ads and gaming, came up with $11.13 billion in revenue. Microsoft beat expectations on the top and bottom lines, but revenue guidance was lower than expected. Microsoft posted the first quarter of its 2020 financial results today, reporting revenue of $33.1 billion and a net income of $10.7 billion. Microsoft reported strong sales growth during its most recent quarter, but a weaker-than-expected guidance for the current quarter muted investor enthusiasm. Microsoft’s total revenue for the quarter stood at £25.6 ($33.1) billion up 14 percent y/y. Net Income 4.4. Microsoft today reported its earnings for the fourth quarter of its 2020 fiscal year. The FactSet estimate was $10.42 billion. A Division of NBCUniversal. Each quarterly leaderboard recognizes the security researchers who ranked at or above the 95 th percentile based on their total points. This jump in usage hasn’t resulted in increased Windows OEM revenue during this quarter, though. Meanwhile, Microsoft's EPS was up 32% y/y in Q1 2021. (RTTNews) - Microsoft Corporation (MSFT) reported a profit for its first quarter that climbed from last year.The company's earnings came in at … REDMOND, Wash. — Feb. 26, 2020 — As Microsoft closely monitors the impact of the COVID-19 health emergency, our top priority remains the health and safety of our employees, customers, partners, and communities. Follow @CNBCtech on Twitter for the latest tech industry news. Microsoft’s Surface, Xbox, and cloud divisions have helped the company boost its revenue and profits for Q1 2021. I am happy to share a few highlights on some of the features for Q1. ET. Surface revenue was down four percent compared to Q1 2019. Today Microsoft reported its third-quarter, fiscal 2020 quarter earnings, the period of time corresponding to Q1 2020 on the regular calendar. Azure's 48% revenue growth rate during the quarter is down from 59% during the same period in the prior year. All Rights Reserved. Note that each feature links to our public roadmap project where you can find more details about each item and see its status. Sign up for free newsletters and get more CNBC delivered to your inbox. Microsoft Teams is a proprietary business communication platform developed by Microsoft, as part of the Microsoft 365 family of products. Microsoft said last month that it would stop disclosing gaming revenue in its earnings releases, and would instead start disclosing revenue growth from Xbox content and services, as the company has bolstered its gaming services, with more coming soon. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. The software giant reported $1.82 EPS for the quarter, beating the consensus estimate of $1.53 by $0.29. Microsoft shares are up about 35% since the beginning of the year. The struggle is real! Marketplace Guide. The Intelligent Cloud segment, which houses Azure along with Windows Server, SQL Server, System Center, GitHub and consulting, contributed $10.85 billion in revenue. This Q1 2020 leaderboard reflects point values for cases that are: Submitted and assessed by the MSRC team between January 1, 2020 and March 31, 2020. In total, the company reported $38 billion in revenue. Analysts polled by FactSet had been looking for $10.90 billion. While commercial demand for PCs might be softening, Windows OEM non-pro revenue has grown by 31 percent, thanks to consumer PC demand. Yair Tor Principal Program Manager, Azure Networking. Azure DevOps Roadmap update for 2020 Q1. Oct. 28, 2020 4:33 AM ET Microsoft Corporation (MSFT) 16 Comments 45 Likes. © 2021 CNBC LLC. Operating and Net Margins Azure's growth rate has generally been on the decline as it keeps growing, like competitor Amazon Web Services, which is larger but growing more slowly. Q1 FY2020 results. Investors will watch how well Microsoft is continuing to weather the pandemic-induced economic slowdown when it reports earnings for Q1 FY 2021 on October 27 after the market close. Q3 2020 was a little better. Q1 2020 ($1.35 billion) and Q2 2020 ($1.98 billion) followed the usual pattern, in that the former is the company’s worst quarter for Surface, while the latter is the best. The more personal computing bucket includes Surface, Xbox, and Windows, and Microsoft says gaming and Surface drove its revenue growth of 6 percent for this quarter. Net Revenue 4.2. Operating Income 4.3. Factors Setting the Tone for Microsoft's (MSFT) Q2 Earnings Jan. 21, 2021 at 8:42 a.m. Microsoft Q1 2020 Revenue Credit: Tadas Sar via Unsplash. Microsoft Q1 2020 Revenue Credit: Tadas Sar via Unsplash. In Q1 2020, the company reported revenue of $33.1 billion in … Commercial Windows revenue from device makers rose 19% ahead of the end of support for Windows 7, which comes in January 2020. That’s a jump of 27 percent year-over-year, and likely thanks to Microsoft’s renewed focus on consumers with Microsoft 365 and Microsoft Teams earlier this year.