Microsoft stock surges to a 17 year high in after hour trading following pleasant FY17 Q1 reporting

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Published onOctober 20, 2016

published onOctober 20, 2016

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Microsoft, under the tutelage of cloud-centric CEO Satya Nadella, has recently managed to achieve something it hasn’t done in seventeen years and that’s cross $60 stock price for the company.

After reporting afairly impressive FY17 Q1 earnings reportin whichMicrosoft’s Surface division saw a 38% increase in revenue, Azure revenue up 116%, Xbox Live active user count increase to 47 million and Office 365 increasing its seat numbers to 85 million commercially, the company’s stock rose on the good news.

In after hour trading, Microsoft’s stock peaked around $60 per share, beating its previous Dot Com era standing which hovered around the meager $25-30 range.

Other financial tidbits from Microsoft’s FY17 Q1 report include earnings of 75 cents per share beating the street estimates of 68 cents per share for the quarter. Microsoft also raised $22.3 billion revenue in adjusted non-GAAP and brought in $4.7 billion net income for the quarter while returning $6.6 billion to shareholders in the form of share purchases and dividends.

To see the breakdown of Microsoft’s quarterly earnings, check out our other post on WinBeta for details on how the company has done for the three months ending September 30, 2016.

Kareem Anderson

Networking & Security Specialist

Kareem is a journalist from the bay area, now living in Florida. His passion for technology and content creation drives are unmatched, driving him to create well-researched articles and incredible YouTube videos.

He is always on the lookout for everything new about Microsoft, focusing on making easy-to-understand content and breaking down complex topics related to networking, Azure, cloud computing, and security.

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Kareem Anderson

Networking & Security Specialist

He is a journalist from the bay area, now living in Florida. He breaks down complex topics related to networking, Azure, cloud computing, and security

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Microsoft stock surges to a 17 year high in after hour trading following pleasant FY17 Q1 reporting#

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Microsoft will raise the price of its 365 Suite to include AI capabilities

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Microsoft stock surges to a 17 year high in after hour trading following pleasant FY17 Q1 reporting