Microsoft Corporation (MSFT) gained in the after-market following its announcement of results for the second quarter of fiscal 2022. MSFT stock values at $292, gaining more than 1.22% from the previously closed value. At the end of the last trading session, the stock closed at around $288.49. The stock volume traded in the previous trading session was around 34.90 million shares.
Highlights of Q2 2022
- Microsoft Corporation (MSFT) reported $51.7 billion in sales, a 20 percent gain compared to Q2 of 2021.
- Microsoft reports an operating income of $22.2 billion, showing a 24% gain over the Q2 of 2021.
- Net income was $18.8 billion, demonstrating a 21% raise over the Q2 of 2021.
- The diluted earnings per share are $2.48, shows a 22% gain compared to Q2 of 2021.
- According to Microsoft, solid marketing, as evidenced by bookings led by long-run Azure contracts, helped Microsoft Cloud sales climb to $22.1 billion, a 32% gain.
- Processes generated sales of $15.9 billion, showing a 19% gain over the previous year.
- Intelligent Cloud sales were $18.3 billion, showing a 26% growth.
- Personal computing gained $17.5 billion in sales, indicating a 15% gain.
- In the second quarter of the fiscal year 2022, Microsoft repaid $10.9 billion to shareholders in the form of share repurchases and dividends, indicating a 9% increase over the same period in the fiscal year 2021.
The effect on the stock gain
As soon as Microsoft announced its results for the quarter of 2022, its stock surged. Investors responded positively to the numbers and significant business developments in Q2 of 2022.
Conclusion
Microsoft will soon announce the outlook for 2022. But its increased revenue from cloud-based services is the hook that could make the investors not to ignore its stock. Cloud services are in tremendous demand, and its massive increase in this segment of its business seems promising.
