Following Strong Q3 Earnings, Microsoft Stock Up Nearly 10% Since Morning

Microsoft Stock Q2 Results

Microsoft yesterday announced that revenues for the quarter ended March 31, 2015 grew to $21.7 billion. Gross margin, operating income, and diluted earnings per share for the quarter were $14.6 billion, $6.6 billion, and $0.61 per share, respectively. Despite the slow down of PC market which affects Windows business and strong dollar issues, Microsoft posted string earnings. The results were mainly driven by Microsoft’s commercial businesses.

Since morning, Microsoft stock price is surging high and it is now at $47.53, which is up 9.46%. This is about market capital gain of about $35 billion. Stock value surging high denotes that investors are happy with Microsoft’s performance last quarter and even some analysts have upgraded Microsoft’s stock rank after seeing the earnings.

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