Microsoft reported second-quarter revenue of $81.3bn ($80.3bn expected), up 15% when ignoring currency moves. Growth was broad-based, including 38% in Azure.
Operating profit was $38.3bn, up 21%, driven by strong revenue growth and margin expansion.
Free cash flow fell 9% to $5.9bn, with net cash including lease liabilities at $31.9bn. Over the quarter, the company returned $12.7bn in cash to shareholders.
Revenue in the coming quarter is guided to land between $80.7–81.8bn, with Azure expected to grow at 37-38% when ignoring currency moves.
The shares were down 6.4% in pre-market trading.
Our view
HL view to follow.
Microsoft key facts
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