Key Takeaways
Microsoft released its second-quarter financial results after the market closed on Wednesday. The company reported strong earnings and revenue growth, exceeding analyst expectations.
Earnings per share: $3.23, beating the $3.11 consensus estimate.
$69.6 billion, exceeding the $68.78 billion analyst consensus estimate.
Intelligent Cloud: Revenue of $25.5 billion, up 19%. This segment includes Azure and other cloud services, which saw revenue growth of 31%.
Revenue of $29.4 billion, up 14%.
Revenue of $14.7 billion, relatively unchanged.
Microsoft's capital expenditures were $22.6 billion in the second quarter.
Satya Nadella, CEO of Microsoft: "We are innovating across our tech stack and helping customers unlock the full ROI of AI to capture the massive opportunity ahead. Already, our AI business has surpassed an annual revenue run rate of $13 billion, up 175% year-over-year."
"This quarter Microsoft Cloud revenue was $40.9 billion, up 21% year-over-year. We remain committed to balancing operational discipline with continued investments in our cloud and AI infrastructure."
Microsoft will host a conference call to discuss the results and provide forward-looking guidance at 5:30 p.m. ET.
Microsoft shares are down 1.43% after-hours at $436.32 on Wednesday.