Big Tech, Entertainment, and Coffee
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 27 January 2021
⏱️ 18 minutes
🧾️ Download transcript
Summary
Microsoft hits a new high after 2nd-quarter cloud revenue impresses Wall Street. Shares of AMC Entertainment triple as short-sellers run for the exits. AT&T’s 2nd-quarter report shows solid growth in HBO Max subscribers. Bill Barker analyzes those stories as well as a decidedly mixed 1st-quarter report from Starbucks.
Transcript
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| 0:00.0 | It's Wednesday, January 27th. |
| 0:04.3 | Welcome to Market Foolery. |
| 0:05.5 | I'm Chris Hill with me today. |
| 0:07.6 | Mr. Bill Barker. |
| 0:08.8 | Thanks for being here. |
| 0:10.5 | Thanks for having me. |
| 0:12.0 | We've got earnings. We've got restaurant earnings, we've got |
| 0:15.9 | entertainment earnings. We're going to start with the behemoth that is |
| 0:19.8 | Microsoft. Second quarter revenue for Microsoft grew 17% and once again, sorry to sound like a broken record, but every quarter we say it because it's true, the Azure Cloud business, getting getting it done and shares of Microsoft up this morning and hitting a new high. |
| 0:37.0 | Yeah and Azure getting it done even a little bit better than one might have hoped for as the growth. |
| 0:46.4 | You point out this is the sort of lead every month or every quarter as to Azure's growth but it's been trending down from very very |
| 0:56.1 | high levels and up 50% year over year is a little bit better than the last two |
| 1:02.4 | quarters which are 47% and 48%. |
| 1:05.1 | So even if it were a trend that it had over the last couple of years and |
| 1:10.6 | only growing it like 45%, you'd still be thrilled and yet it's growing even better than that. |
| 1:16.9 | That's the lead, but you just look up and down the categories and it's just a sea of green in terms of growth division across division. |
| 1:29.8 | Yeah, I mean this is one of those quarters where it's like it's hard to see anything and just be like, |
| 1:35.2 | eh, that's, you know, they got to work on that. |
| 1:39.6 | Search ads only up 2%, but that was better than down down 10% and 18% of the previous two quarters. |
| 1:48.0 | Windows OEM only up 1%. |
| 1:50.8 | Yeah, everything was up and most of the divisions were up well more than that |
| 1:56.2 | so you know all adds up to I think 17% total revenue growth and 33, 34% net earnings growth. |
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