News Formal

Microsoft earnings top estimates, but stock falls as investors await forecast

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Microsoft easily topped profit and revenue expectations for its latest quarter, though its shares were moving lower in after-hours trading. $MSFT generated fiscal Q4 net income of $20.1 billion, compared with $16.7 billion in the year-earlier period.

Microsoft Corp. easily topped profit and revenue expectations for its latest quarter, though its shares were moving lower in after-hours trading.

Revenue for Microsoft MSFT, +1.70% climbed to $56.2 billion from $51.9 billion, whereas analysts had been expecting $55.5 billion. The company said revenue for Azure and other cloud services was up 26%, or 27% in constant currency. Microsoft’s forecast had been for 26% to 27% in constant-currency Azure sales growth, while the company posted 31% constant-currency growth on the metric in the March period. The FactSet consensus was for 27% growth in constant currency.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BCH Ecosystem Fund Bolsters Cashtokens Ecosystem With $20 Million Investment – Press release Bitcoin NewsPRESS RELEASE. Dubai, July 24, 2023 - The BCH Ecosystem Fund has announced a significant $20 million investment in the Cashtokens ecosystem, following
Source: BTCTN - 🏆 531. / 51 Read more »