"Non-GAAP EPS came in at $0.25 versus $0.20 expected. This marks the eighth consecutive quarter of earnings beats, with an average surprise of 56% over two years. Operating margin reached 18% non-GAAP, up from negative territory a year ago. Free cash flow hit $27.2 million compared to negative $177 million in the prior year quarter. Customers spending over $100,000 annually grew 23% year over year."
"Microsoft reported $77.7 billion in Q1 FY2026 revenue, up 18.4% and ahead of the $75.4 billion estimate. Azure grew 40%, driving the Intelligent Cloud segment to $30.9 billion. Operating margin reached 48.9%. The company generated $45.1 billion in operating cash flow, up 31.8%. But a December 2 report from The Information changed the narrative. According to Reddit user u/Illustrious_Lie_954, "Microsoft shares dipped a bit today after a report suggested the company cut sales quotas for some of its AI software offerings.""
GitLab delivered $244.4 million in Q3 FY2026 revenue, beating the $239.3 million estimate, with Non-GAAP EPS of $0.25 versus $0.20 expected. Earnings beats extended to eight consecutive quarters with an average surprise of 56% over two years. Operating margin reached 18% non-GAAP and free cash flow improved to $27.2 million from negative $177 million year over year. Customers spending over $100,000 annually rose 23% and dollar-based net retention was 119%. Microsoft reported $77.7 billion in Q1 FY2026 revenue, with Azure up 40% and Intelligent Cloud at $30.9 billion, but reports of quota cuts and sales rep struggles raised questions about AI adoption pacing.
Read at 24/7 Wall St.
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