Microsoft’s First Quarter 2021 Results Look Good (Guest post)
Microsoft’s results seem good despite the pandemic.
This post was originally posted here. The writer, Kyith Ng is a veteran community member and blogger on InvestingNote, with a username known as @kyith and has 1097 followers.
US tech giant Microsoft announced their Q1 2021 results yesterday morning.
They achieve per-share profit growth of $1.82, beating analysts’ expectations of $1.54 a share.
The after-market share performance was muted. In fact, it’s nearly 1.5% lower. But due to the broad market fall this morning (28th Oct) the stock is down almost 5% to $203.
It has been consistently drilled into my head at work that the market is forward-looking in theory. And in a few practical cases, it is the case. After-market movements reflect the general crowd’s sentiments towards their expectations of future cash flows.
Microsoft’s results were not too bad in Q1 2021.
- Revenue was $37.2 billion and increased 12%
- Operating income was $15.9 billion and increased 25%
- Net income was $13.9 billion and increased 30%
- Diluted earnings per share was $1.82 and increased 32%