Microsoft cloud growth misses estimates in Q4 despite jump in investment spending

📆 30/07/2024 18:09:00
📰 Investingcom

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Microsoft cloud growth misses estimates in Q4 despite jump in investment spending

Investing.com - Microsoft sinked in after-hours trading Tuesday after its fourth-quarter cloud revenue growth fell short of Wall Street estimates even as the tech giant ramped up spending on investments to boost growth.per share of $2.95 on revenue of $64.7 billion. Analysts polled by Investing.com anticipated EPS of $2.94 on revenue of $64.38B.

Signs of slowing cloud growth come even as Microsoft continues to ramp up investments, with capital spending jumping to $19B in Q4, up from $14B in Q3, and nearly double the $10.7B seen in Q4 a year ago.

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