Microsoft (MSFT) announced its Q2 earnings after the bell on Tuesday, barely missing analysts’ expectations on revenue and beating on earnings per share.
Here are the most important numbers from the report compared to what analysts were expecting from the quarter, as compiled by Bloomberg.
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Revenue: $52.7 billion vs. $52.9 billion expected
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Adjusted EPS: $2.32 vs. $2.30 expected
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Productivity and Business processes: $17 billion vs. $16.8 billion expected
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Intelligent Cloud: $21.5 billion vs. $21.4 billion expected
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More Personal Computing: $14.2 billion vs. $14.7 billion expected
Shares of Microsoft were up more than 4% immediately following the news.
Despite the beat on earnings per share, Microsoft’s cloud business continued to slow in the quarter. The company reported its Intelligent Cloud segment grew 18% in the quarter, while its Azure services grew 31%. That’s down from Q2 last year, during which Intelligent Cloud and Azure saw growth of 26% and 46%, respectively.
“The next…
