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Microsoft Shares Down 2% Despite Q1 Beat

By Davit Kirakosyan

Microsoft (NASDAQ:MSFT) shares were trading around 2% lower after-hours, despite the company’s reported Q1 results, with EPS of $2.35 coming in better than the consensus estimate of $2.32.

Revenue grew 11% year-over-year (up 16% in constant currency) to $50.1 billion, beating the consensus estimate of $49.86 billion.

Productivity and Business Processes revenue increased 9% (up 15% in constant currency) to $16.5 billion. Intelligent Cloud revenue increased 20% (up 26% in constant currency) to $20.3 billion, while More Personal Computing revenue decreased slightly (up 3% in constant currency) to $13.3 billion.

“In a world facing increasing headwinds, digital technology is the ultimate tailwind. In this environment, we’re focused on helping our customers do more with less, while investing in secular growth areas and managing our cost structure in a disciplined way,” said Satya Nadella, chairman and CEO of Microsoft.

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