Microsoft Corporation (NASDAQ:MSFT)’s last quarter performance is now like Dominic Toretto and the gang?
CNBC’s Jim Cramer thinks so. In comments after Microsoft Corporation (NASDAQ:MSFT) reported a solid beat on earnings for their most recent quarter, the CNBC host compared the technology juggernaut to the successful seventh installment of the Fast and Furious franchise.
Carl Quintanilla, at the start of the discussion, pointed out to Cramer how he has been saying all week that Microsoft Corporation (NASDAQ:MSFT) will likely disappoint in their earnings call. However, after the event passed, it was apparently the opposite for Cramer.
“The fact is that this time they did a great presentation. They broke it down into cloud which is on fire, they broke it down into Windows which isn’t as bad as I thought – $200 million more revenue, and then devices which to me said, ‘Listen, if you want to, we can do three companies.’ This was Satya Nadella really delivering on a previous quarter which was very, very disappointing. […] I have to tell you, I was blown away by how good in one quarter they turned it,” Cramer tells Quintanilla and David Faber.
In the most recent quarter, Microsoft Corporation (NASDAQ:MSFT) reported $0.62 earnings per share [EPS] on top of $21.7 billion in revenue. Consensus for EPS before the earnings was $0.51 per share. Furthermore, the company reported a gross margin of $14.6 billion, operating income of $6.6 billion and diluted EPS of $0.61 per share.
The performance of the company and its CEO Satya Nadella drew raves from Cramer.
“[Satya Nadella], he [under-promised and over-delivered]. That last quarter was miserable and you know what, did I miss it? I don’t know. If you listened to last quarter’s [earnings call], it didn’t have a heartbeat. This one not only had a heartbeat, this was Microsoft 7, not Windows 7, Fast and Furious [7],” Cramer says.
Jeffrey Ubben’s ValueAct Capital remained the institutional investor with the largest share in Microsoft Corporation (NASDAQ:MSFT) by the end of 2014. The firm ended last year with about 74.24 million shares in the software giant.
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