microsoft q2 2020

Revenue increased $4.4 billion or 14%, driven by growth across each of our segments. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. 0. Slowing growth is normal, but the pandemic could accelerate the trend. Microsoft provided the following segment guidance for Q1 2020 fiscal year: In Productivity and Business Processes, we expect revenue between $10.7 and $10.9 billion driven by double digit growth in Office commercial, Dynamics, and LinkedIn. Amy Hood — Executive Vice President and Chief Financial Officer. Surface and … Mike Spencer - General Manager, Investor Relations. Azure cloud revenue is expected to post robust growth YOY, but at a slower pace. Azure, Teams & Xbox Adoption to Aid Microsoft (MSFT) Q2 Earnings. Azure, Teams & Xbox Adoption to Aid Microsoft (MSFT) Q2 Earnings 43 mins ago. It did not mention JEDI by name in the risk factor, despite that Amazon is currently challenging the contract award in court. While Azure grew 76% in the second quarter of fiscal 2019, Goldman estimated that Azure grew a slower 62% in Q2 2020 (which ended last December). Microsoft is updating its $1,499 ARM-based Surface Pro X device today. Microsoftâs Q2 2020 earnings reveal the companyâs strengths in Office, cloud services, and its Surface hardware business. Jan. 28, 2020 5:35 PM ET | About: Microsoft Corporation (MSFT) | By: Gaurav Batavia, SA News Editor . Microsoft Q2 2020 Earnings Preview. Azure growth for the quarter came in at 62%, decelerating from 76% a year ago but beating an estimate from Goldman Sachs analysts, who predicted growth of 58%, and accelerating from the prior quarter. For Intelligent Cloud, revenue is targeted between $11.85 billion and $12.05 billion. Q3 2020 was a little better, and Q4 2020 was a home run. Microsoft’s Q2 expectations In the second quarter of fiscal 2020, Microsoft expects to generate total revenues of $35.15 billion–$35.95 billion. Microsoftâs search engine continues to show a deceleration in growth. Satya Nadella — Chief Executive Officer. During Q2, 2020, NSS Labs performed an independent test of phishing protection offered by web browsers: 47,274 discrete tests (per web browser) using 2,443 unique phishing URLs over 18 days. 2020 Proxy Statement. She said her revenue guidance range for the More Personal Computing segment, at $10.75 billion to $11.15 billion, was wider than usual because of "uncertainty related to the public health situation in China.". 2020 Annual Report. With a 6 percent YoY growth Microsoft nears $2 â¦ Microsoft Segment Q3 2020 Revenue. Hood also said she now thinks that for the full 2020 fiscal year, which ends on June 30, Microsoft will increase its operating margin by 2 percentage points, suggesting about 36%, thanks to the company's results in the first half and the product sales mix in the second half. It rebounded slightly to 62% in Q2 2020. Excluding the after-hours move, Microsoft shares are up about 36% since the start of 2020, while the S&P 500 is up 5% over the same period. Microsoft Corp (NASDAQ:MSFT) Q2 2020 Earnings Call Jan 29, 2020, 5:30 p.m. Microsoft Corporation (NASDAQ:MSFT) Q2 2020 Earnings Conference Call January 29, 2020 5:30 PM ET. Analysts: IMPORTANT NOTICE TO USERS (summary only, click here for full text of notice); All … Microsoft's cloud business grew amid weak demand for its consumer-oriented businesses like Xbox. On Wednesday, Microsoft (NASDAQ:MSFT) released its earnings for the second quarter of fiscal 2020 after the closing bell. Microsoft Corp (NASDAQ: MSFT) Q2 2020 Earnings Conference Call. Although we see strong Windows demand in line with our expectations, the supply chain is returning to normal operations at a slower pace than anticipated at the time of our Q2 earnings call. Microsoft shares rise on revenue and earnings beat. Data is a real-time snapshot *Data is delayed at least 15 minutes. Microsoft also stopped supporting the Windows Server 2008 operating system in mid-January, six months after it ended support of the SQL Server 2008 database software. End of support for Windows Server 2008 contributed to the Intelligent Cloud growth, Microsoft said on Wednesday. "Our partner conversations this quarter continued to emphasize Azure's momentum, which is enabling the company to significantly outpace the overall market's growth," Goldman Sachs analysts led by Heather Bellini wrote in a Monday note. Mike Spencer - General Manager, Investor Relations. VIEW DETAILS. Microsoft Investor Relations Financial Performance in FY20 Q2. Windows also did well thanks to Windows 7 â¦ Microsoft's earnings for the second quarter of fiscal year 2020 reveal some very strong demand for its new Surface lineup. As a result, for the third quarter of fiscal year 2020, we do not expect to meet our More Personal Computing segment guidance as Windows OEM and Surface are more negatively impacted than previously … by Surur. Revenue from Xbox hardware decreased 43% in the quarter because of lower prices and volumes; the next-generation Xbox Series X will come out this holiday season. Follow @CNBCtech on Twitter for the latest tech industry news. Other significant developments in the quarter included the unveiling of new Surface devices and the announced acquisition of data migration start-up Mover. We look forward to seeing you in the next leaderboard! REDMOND, Wash. â Feb. 26, 2020 â As Microsoft closely monitors the impact of the COVID-19 health emergency, our top priority remains the health and safety of our employees, customers, partners, and communities. Narrative Power BI Performance. (In millions, except per share amounts) (Unaudited), Information contained in these documents is current as of the earnings date, and not restated for new accounting standards, { "@odata.context": "http://api.msn.com/finance/$metadata#Quotes", "valueM": 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