Microsoft gets a price target lift after great quarter driven by AI

Microsoft CEO Satya Nadella speaks at the CES conference in Las Vegas on Jan. 9, 2024.

David Paul Morris | Bloomberg | Getty Images

Microsoft reported strong fiscal second-quarter results Tuesday, boosted by the strength of AI. It also announced two new positive developments: solid revenue guidance for the third quarter and talk of a slight margin expansion for the year.

  • Revenue increased about 17% year over year, to $62.1 billion, beating the Street consensus estimate of $61.1 billion, according to data from LSEG.
  • Adjusted earnings-per-share (EPS) increased 33% from last year, to $2.93, ahead of estimates for $2.76 a share, LSEG data showed.

But a great quarter doesn’t always generate a positive move after earnings. Here’s what we think.

By 111 Tech

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