Microsoft gets a price target hike after posting a great quarter driven by AI

Microsoft gets a price target hike after posting a great quarter driven by AI


Microsoft CEO Satya Nadella speaks on the CES convention in Las Vegas on Jan. 9, 2024.

David Paul Morris | Bloomberg | Getty Images

Microsoft reported sturdy fiscal second-quarter outcomes Tuesday, boosted by the power of AI. It additionally introduced two new optimistic developments: stable income steerage for the third quarter and discuss of a slight margin enlargement for the yr.

  • Revenue elevated about 17% yr over yr, to $62.1 billion, beating the Street consensus estimate of $61.1 billion, in response to knowledge from LSEG.
  • Adjusted earnings-per-share (EPS) elevated 33% from final yr, to $2.93, forward of estimates for $2.76 a share, LSEG knowledge confirmed.

But a great quarter would not all the time generate a optimistic transfer after earnings. Here’s what we expect.



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