Microsoft Non-GAAP EPS of $2.32 beats by $0.01, revenue of $52.7B misses by $450M

• Microsoft press release (NASDAQ:MSFT): Q2 Non-GAAP EPS of $2.32 beats by $0.01.
• Revenue of $52.7B (+1.9% Y/Y) misses by $450M.
• Shares +3.8%.
• Revenue in Productivity and Business Processes was $17.0 billion and increased 7% (up 13% in constant currency).
• Revenue in Intelligent Cloud was $21.5 billion and increased 18% (up 24% in constant currency).
• Revenue in More Personal Computing was $14.2 billion and decreased 19% (down 16% in constant currency).
• “We are focused on operational excellence as we continue to invest to drive growth. Microsoft Cloud revenue was $27.1 billion, up 22% (up 29% in constant currency) year-over-year as our commercial offerings continue to drive value for our customers,” said Amy Hood, executive vice president and chief financial officer of Microsoft.
• The company will provide forward-looking guidance in connection with this quarterly earnings announcement on its earnings conference call and webcast.