After the closing bell Monday, Microsoft (MSFT ) reported its second quarter results, posting higher revenues and lower earnings.
MSFT's Earnings in Brief
- Microsoft reported revenues of $26.47 billion compared to $24.52 billion a year ago. This figure came in above analyst estimates of $26.3 billion
- The company showed EPS of $0.71, matching analyst estimates for the quarter but down from $0.78 one year ago.
- Revenue from MSFT’s popular Surface device jumped 24%, driven by the new Surface 3 and its accessories.
Microsoft’s CEO Satya Nadella had this to say concerning the earnings report: “Microsoft is continuing to transform, executing against our strategic priorities and extending our cloud leadership. We are taking bold steps forward across our business, and specifically with Windows 10, to deliver new experiences, new categories, and new opportunities to our customer.”
The company made no mention of its dividend but reiterated its plans to complete $40 billion in share repurchases by the end of 2016. The company will pay out its next dividend of $0.31 per share on March 12 with an ex-dividend date of February 17.
MSFT shares were down approximately 3% in after-hours trading.