With Microsoft (MSFT) stock up over 30% year-to-date, expectations were high coming into the tech giant’s fiscal first-quarter earnings. While the tech giant beat on the top and bottom lines, the second-quarter guidance was soft. As a result, MSFT shares fell 5% on the headline, but therein lies the opportunity.Microsoft made the most from the secular shift to cloud-based services and the change to work-from home environments, blowing the estimates out of the water in its FY1Q21 results.Total FQ1 revenue grew by 12.4% to $37.2 billion beating the Street’s call by $1.42 billion. EPS of $1.82 (a 32% year-over-year increase) …read more
Source:: Yahoo Finance
