Can Microsoft go higher after another earnings beat?

October 28, 2020 10:00

Can Microsoft go higher after another earnings beat?

Shares in technology giant Microsoft have been rising after the company reported its first-quarter earnings results that beat analyst expectations on several measures.

  • First-quarter revenue $37.2 billion vs $35.7 billion expected.
  • Earnings per share $1.82 vs $1.55 expected.
  • Profit $13.9 billion which is up 30% compared to the same time last year.

Looking at each of the different divisions in Microsoft, the all-important Microsoft Intelligent Cloud business saw revenue rise 20% to $12.99 billion which also beat analyst expectations of $12.78 billion.

It's more well-known part of the business, personal computing (Windows, Xbox, etc), saw revenues of $11.85 billion which also topped analyst estimates. While Microsoft does not report revenue figures for Azure it said that revenue in this division grew 48% year on year.

"The next decade of economic performance for every business will be defined by the speed of their digital transformation," Satya Nadella, Microsoft's CEO, said. "We are innovating across our full modern tech stack to help our customers in every industry improve time to value, increase agility, and reduce costs."

Did you know that you can speculate on the direction of Microsoft's share price using Contracts for Difference (CFDs)? This allows you to potentially profit from both rising and falling markets. Get started with a free demo trading account today!

How to trade Microsoft shares with Admiral Markets UK Ltd

If you are feeling bullish or bearish on the price of Microsoft's share price you can speculate on its price direction using CFDs. To get started, follow these five simple steps:

  1. Log in to your existing Admiral Markets trading account, or open a live or demo trading account in just a few minutes.
  2. Click Trade on your chosen account which will direct you to the Admiral Markets MetaTrader Web Platform.
  3. Type in Microsoft, or another instrument, at the bottom of the Market Watch search box and then drag the symbol onto the chart.
  4. Use the one-click trading feature on the chart or right-click on select Trading -> New Order.
  5. Choose your entry, stop loss and target levels and position size (volume) and then confirm the trade.

Admiral Markets MetaTrader 5 Web, #MSFT, WeeklySource: Admiral Markets MetaTrader 5 Web, #MSFT, Weekly - Data range: May 18, 2014, to October 28, 2020, performed on October 27, 2020, at 6:53 am BST. Please note: Past performance is not a reliable indicator of future results.


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