Microsoft (NASDAQ: MSFT) stock climbed Friday after the company announced strong earnings Thursday for the fourth quarter of its 2018 fiscal year, which ended on June 30.
Earnings came in for "Mr. Softee" at $1.13 per share, excluding certain items, vs. 1.08 cents per share as expected by analysts. Revenues were $30.09 billion, vs. $29.21 billion as expected by analysts.
Microsoft chief financial officer Amy Hood told analysts on Thursday's earnings call that the company expects $27.35 billion to $28.05 billion in revenue. Those analysts had expected Microsoft to forecast $27.38 billion in revenue, below the midpoint of the guidance.
As a whole, Microsoft grew revenue by 17%. Microsoft had a record $4.1 billion in quarterly capital expenditures. That number is up 24% year over year.
In the fiscal fourth quarter Microsoft announced the $7.5 billion acquisition of code hosting company GitHub, as well as an Office 365 redesign. And it faced criticism for its collaboration with U.S. Immigration and Customs Enforcement.
In Microsoft's full 2018 fiscal year, it had $306 million in restructuring expenses -- which were generally for sales and marketing changes made in the fourth quarter of the previous fiscal year -- and a $13.7 billion charge related to U.S. tax reform enacted months ago.
Microsoft stock is up about 23% since January. The stock hit new all-time highs several times and crossed the $100 mark for the first time in the fiscal fourth quarter.
Shares in MSFT jumped $3.27, or 3.1%, to $107.67.
