30.04.2020 MSFT Daily Analysis

30.04.2020 MSFT Daily Analysis

MSFT closed at $177.43 (+4.49%) on Wednesday and they released their earnings report at the end of the day. MSFT announced they performed better than expected, their earnings per share was $1.40 and revenue of $35 billion. The forecast for their earnings per share was $1.27. During this pandemic, MSFT saw an increase in demand for work from home services which benefitted  Windows OEM, Surface, Office Consumer, and Gaming. MSFT CEO Satya Nadella said, "From Interpublic Group and Kohler to Vodafone, the world's leading companies are choosing Microsoft 365 as their productivity cloud. And, we continue to see strong demand for our premium offerings from customers like Mastercard, Autodesk, AARP, and Coca-Cola, which chose not only Microsoft 365 but Dynamics 365 and Azure in a five-year, multi-cloud agreement."  In the healthcare sector, there were more than 34 million Team meetings in the past month. Many universities and schools around the world chose Teams to conduct their online classes. We should see MSFT stock go up today due to their earnings report.