Microsoft reduced net profit in the 2nd tri-fiscal period; earnings per share exceeds expectations

Microsoft registered net profit of US$ 16.4 billion in the second fiscal quarter, or equivalent to US$ 2.32 per share in adjusted terms, second corporate balance disclosed on this third fair, 24.

The result was lower than the same period of the previous year, when the company earned US$ 18.7 billion. No, the profit per share exceeded the forecast of two analysts consulted by FactSet, who projected US$ 2.29 per share.

On its balance, the company stands out even though the Microsoft Cloud receipt was US$ 27.1 billion, representing a 22% increase in the annual comparison. “We are focused on operational excellence and on continuing to invest to promote growth while our business offerings continue to generate value for our customers,” said Amy Hood, executive vice president and chief financial officer of Microsoft, in a note to investors.

In total, Microsoft’s receipt was US$52.7 billion in the quarter ended December 31, below FactSet expectations of US$52.99 billion.

The result was disclosed about a week after the company announced the cut of 10,000 employees, joining other giants of the technology sector that also decided to make mass dismissals.

The company claims to have registered costs related to compensation payments and depreciation charges of US$ 800 million in the second fiscal quarter.

After the disclosure of the company’s balance sheet, Microsoft’s share advanced 4.29%, around 6:40 p.m. (from Brasília).