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 : MSFT
No comments:
Post a Comment