5 Stocks Making Big Moves on Quarterly Results

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 250

Shares of Microsoft Corporation (NASDAQ:MSFT) jumped more than five percent in the pre-market trading session on Wednesday, January 26, 2022, after delivering another solid quarter. The software giant earned $2.48 per share for its fiscal second quarter, compared to $2.03 per share in the year-ago period.

Revenue for the quarter came in at $51.73 billion, up from $43.08 billion in the comparable period of 2020. Analysts were expecting Microsoft Corporation (NASDAQ:MSFT) to post earnings of $2.32 per share on revenue of $50.71 billion.

If we look at the sales performance of flagship business units of Microsoft Corporation (NASDAQ:MSFT), revenue from the productivity and business processes segment jumped 19 percent to $15.9 billion. In comparison, intelligent cloud revenue climbed 26 percent to $18.3 billion, while more personal computing revenue surged 15 percent to $17.5 billion in the quarter.

Speaking on the results, CEO of Microsoft Corporation (NASDAQ:MSFT), Satya Nadella, said:

“As tech as a percentage of global GDP continues to increase, we are innovating and investing across diverse and growing markets, with a common underlying technology stack and an operating model that reinforces a common strategy, culture, and sense of purpose.”

You can also take a peek at 9 Stocks That Credit Markets Expert Steve Ketchum Likes and Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners.

Follow Insider Monkey on Twitter