By Davit Kirakosyan
Microsoft (NASDAQ:MSFT) shares surged more than 4% after-hours following the company’s reported Q2 results, with EPS of $2.32 coming in better than the consensus estimate of $2.30.
Revenue grew 2% year-over-year to $52.7 billion, missing the consensus estimate of $53.12B.
“Microsoft Cloud revenue was $27.1B, up 22% (up 29% in constant currency) year-over-year as our commercial offerings continue to drive value for our customers,” said Amy Hood, executive vice president and CFO of Microsoft.
Revenue in Productivity and Business Processes grew 7% (up 13% in constant currency) to $17.0B. Revenue in Intelligent Cloud grew 18% (up 24% in constant currency) to $21.5B, while revenue in More Personal Computing dropped 19% (down 16% in constant currency) to $14.2B.