Microsoft Corporation’s (MSFT) earnings
for the last quarter of its 2013 fiscal year (FY13) had left investors
deeply unsatisfied, and its stock price had dropped more than 11%
subsequent to the announcement. Its results had been in keeping with
recent trends however – Microsoft had missed revenue expectations in
four out of the five preceding quarters as well.
Investors had many reasons to turn
bearish on the company – the Microsoft management had announced a large
write-down of its Surface inventory, which had added to worries arising
from the overall slowing demand for PCs, the company’s marginal presence
in the smartphone and tablet markets, and skepticism on its
restructuring initiatives and devices and services strategy.
This quarter (1QFY14), however,
Microsoft beat analyst expectations due to strong growth in its
enterprise segment, and commendable performance in its consumer
segments. Investors rushed to snap up the stock, which pushed the
share-price up 6%. Read more.
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