Microsoft Corporation has reported an increase in its second-quarter earnings in comparison to the same period last year, surpassing expert expectations. The company reported profits reaching $21.87 billion, equivalent to $2.93 per share, as opposed to the prior year's second quarter earnings of $16.43 billion, or $2.20 per share.
According to the data provided by Thomson Reuters, analysts had, on average, predicted the company's earnings to reach $2.57 per share. These forecasts usually do not take special items into consideration.
Additionally, Microsoft experienced a 17.6% increase in their quarterly revenue, rising from $52.75 billion the previous year to $62.02 billion.
To summarise Microsoft Corporation's earnings, according to Generally Accepted Accounting Principles (GAAP):
- Second quarter earnings amounted to $21.87 billion, a significant improvement from the $16.43 billion the previous year.
- Earnings Per Share (EPS) during the second quarter stood at $2.93, which is higher than the $2.20 achieved the previous year.
- Analysts had estimated an EPS of $2.57.
- Revenue for the second quarter was $62.02 billion, compared to the previous year's total of $52.75 billion.
