2Q results out after market last night and while top line revenue was a beat, the cloud component came in a touch below expectations, and this will be a bit of a concern for the market.
- Q2 Total Revenue $US69.63 billion vs estimate $US68.92 billion = beat
- Q2 Cloud revenue $US40.9 billion vs estimate $US41.1 billion
- Q2 Operating income $US31.65 billion vs estimate $US30.26 billion = beat
Overall, solid result, and when we look through the various revenue lines it shows how diversified Microsoft is and why it will remain a core holding in the International Equities Portfolio.
MM remains long and bullish MSFT
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