Microsoft's market capitalization is approximately $2.5 trillion, making it the second most valuable company in the world. The company's shares have risen by 38% this year, largely due to increased investor interest in AI and generative AI. Microsoft's next earnings report will include results from Activision Blizzard, which Microsoft recently acquired for $69 billion.
Key takeaways:
- Microsoft exceeded expectations in its latest earnings report, with total sales of $56.5 billion in the three-month period ending September 30, surpassing analyst estimates of $54.5 billion.
- The company's earnings per share were $2.99, beating estimates of $2.65 and outperforming the previous quarter's $2.69.
- Microsoft's intelligent cloud unit, which is heavily exposed to AI, expanded to $24.3 billion, marking about 20% annual growth.
- The next earnings report will include results from Activision Blizzard, the video game company Microsoft recently acquired for $69 billion.