Leigh Drogen

About the Author Leigh Drogen

Leigh Drogen is the Founder and CEO of Estimize. Estimize is an open financial estimates platform which facilitates the aggregation of fundamental estimates from independent, buy-side, and sell-side analysts, along with those of industry experts, private investors and students. By sourcing estimates from a diverse community of individuals, Estimize provides both a more accurate and more representative view of expectations compared to sell side only data. Leigh started his career as a quant trader at Geller Capital, a White Plains, NY based fund where he ran strategies that looked at earnings acceleration and analyst estimate revision models, as well as price momentum and several sentiment indicators. Leigh later went on to be the founder of Surfview Capital, a New York based asset management firm that used many of the same strategies as Geller Capital, with a focus on higher beta names on an intermediate term time frame. His educational background includes focus in economics and international relations, specifically war theory. He is a graduate with honors from Hunter College in New York City. You can contact Leigh by emailing him at Leigh@estimize.com

Consumers and Cloud Boost Microsoft Corporation Above Estimates (MSFT)

Powering through a weak PC market, Microsoft Corporation (NASDAQ:MSFT) posted quarterly earnings and sales figures that beat estimates from Wall Street and Estimize Thursday afternoon.

Growth in consumer products and cloud computing boosted Microsoft’s earnings to 62 cents per share, beating the Estimize consensus of 56 cents and the Wall Street consensus of 51 cents.

Microsoft’s revenue was great this quarter too. The software and technology company reported $21.7 billion in revenue, topping the Estimize consensus of $21.5 billion and easily hurdling the Street’s view of $21.0 billion.

On the consumer front Microsoft’s Surface was a big winner. Surface sales rose to $713 million, up 44% from the same quarter of last year. Office 365 was also a positive force, Microsoft added 12.4 million subscribers increasing its user base by 35% sequentially. Even search revenue increased by 21% thanks to Bing.

On the commercial side cloud computing revenue was up an impressive 106% year over year. Microsoft attributes its cloud strenth to Office 365, Azure and Dynamics CRM Online. Windows was the one weak spot in Microsoft’s report due to the softness in the PC market. Windows licensing revenue declined 2% this quarter (up 1% excluding foreign exchange). CEO Satya Nadella’s plan to transform Microsoft into a modern cloud computing company seems to off to a promising start.


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