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4 mentions found


☆ We're upgrading Microsoft after earnings. The stock has pulled back enough lately
  + stars: | 2024-07-30 | by ( Zev Fima | ) www.cnbc.com   time to read: +11 min
Microsoft delivered an overall strong quarter after Tuesday's market close, but a miss on Azure revenue growth put shares under pressure in extended-hours trading. Office Consumer Products and Cloud Services revenue grew 3% as Microsoft 365 Consumer subscriptions grew 10% to 82.5 million. Windows Commercial Products and Cloud Services revenue increased 11%, driven by demand for Microsoft 365. Despite the solid fiscal Q1 outlook for Intelligent Cloud revenue, management guided Azure's constant currency revenue growth to 28% to 29%. Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.
Persons: We're, Satya Nadella, Nadella, Amy Hood, Hood, That's, Jim Cramer's, Jim Cramer, Jim, Jason Redmond Organizations: Microsoft, Revenue, Nvidia, Broadcom, Devices, AMD, Investors, Products, Cloud Services, Consumer Products, Dynamics Products, Enterprise Mobility, Activision, Windows, —, Xbox, Management, CNBC, AFP, Getty Locations: OpenAI, pare, Redmond , Washington
☆ Microsoft shares jump 4% after the big AI winner delivers in all the right places
  + stars: | 2024-04-25 | by ( Jim Cramer | ) www.cnbc.com   time to read: +9 min
However, momentum from AI services will keep Azure growth stabilized at these high levels, outperforming the market's expectations. AI services continue to be a large source of revenue growth, contributing seven percentage points of growth. The Office Commercial Products and Cloud Services revenue rose 12%, while the Office Consumer Products and Cloud Services revenue grew 4%. Windows Commercial Products and Cloud Services revenue increased 12%, driven by demand for Windows 365. The company guided Azure's constant currency revenue growth to 30% to 31%, which is higher than estimates of 29%.
Persons: OpenAI, Satya Nadella, there's, we're, Jim Cramer's, Jim Cramer, Jim, Satya Narayana Nadella, Lucas Jackson Organizations: Microsoft, Revenue, Google, Fortune, Productivity, Products, Cloud Services, Consumer Products, Novo Nordisk, Nvidia, Activision, Windows, Management, CNBC Locations: OpenAI, ChatGPT, Novo, Manhattan, New York City
☆ Why we're raising our price target on Microsoft despite a softer revenue outlook
  + stars: | 2023-07-25 | by ( Jeff Marks | ) www.cnbc.com   time to read: +8 min
Revenues beat across the board, Azure's revenue growth decelerated in line with expectations, and companywide operating margins expanded nicely from last year. But total revenues fell a little less than expected, at 4%, mostly due to a 12% decline in Windows OEM revenue and a 18% drop in devices revenue growth. Gaming revenue grew 2%, with Xbox content and services revenue up 6%, offset by a 13% decline in Xbox hardware. In the productivity and business processes segment, revenue increased about 10% from last year thanks to a 15% increase in Office 365 Commercial Revenue growth. Microsoft sees Azure revenue growing 25% to 26% in constant currency, including roughly 2 points from all Azure AI services.
Persons: Amy Hood, Jim Cramer's, Jim Cramer, Jim, Satya Nadella, Flipkart, Nadella, Amit Madheshiya Organizations: Microsoft, Revenue, Refinitiv, Revenues, Services, Activision Blizzard, Office Consumer Products, Nvidia, CNBC, Microsoft Corp, Bloomberg, Getty Locations: Mumbai, India
☆ Microsoft's drop on a weaker guide doesn't reflect the long-term potential of the stock
  + stars: | 2022-10-25 | by ( Zev Fima | ) www.cnbc.com   time to read: +10 min
Despite strong headline results, shares fell roughly 6.5% in extended trading on lighter Azure cloud growth and weaker forward guidance. Note: Constant currency growth rates, which is what we will cite in this report, help strip out fluctuations in foreign currency, namely a strong U.S. dollar, to provide a clearer financial picture. Xbox Content and Services revenue ticked up 1% in constant currency, while Xbox hardware sales jumped 19% in constant currency. Management expects Azure revenue growth to be lower sequentially by roughly five percentage points on a constant currency basis. Despite coming up a bit short versus estimates, Microsoft is still generating a ton of cash.
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