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

Belgique Nouvelles Nouvelles

Microsoft earnings top estimates, but stock falls as investors await forecast
Belgique Dernières Nouvelles,Belgique Actualités

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.

 

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

BCH Ecosystem Fund Bolsters Cashtokens Ecosystem With $20 Million Investment – Press release Bitcoin NewsBCH 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
Lire la suite »



Render Time: 2025-01-09 19:16:30